Great energy divorce: UAE shocks the World by quitting OPEC

ABU DHABI: In a major move, the United Arab Emirates (UAE) has announced its withdrawal from the Organisation of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance. The UAE explained the decision as a strategic shift to align with current market demands. The withdrawal is set to take effect on May 1, 2026.

The UAE has been a prominent member of OPEC since 1967. According to official statements, the decision to exit was driven by the need to prioritise national interests and fulfil obligations toward its investors.

Key highlights of decision:

• Operational Independence: The UAE aims for greater autonomy in oil production and distribution. By exiting the alliance, the country seeks the freedom to make independent decisions regarding its energy output.
• Market Flexibility: The official press release emphasised that the global energy market requires a supply chain that is more flexible, reliable, and affordable.
• Strategic Alignment: The move is intended to better serve the UAE’s long-term economic goals and its role as a key global energy supplier.