Abu Dhabi, UAE – The UAE announced on Tuesday its decision to withdraw from OPEC and OPEC+. The decision will take effect from May 1, 2026.
This decision is in line with the UAE’s long-term strategic and economic vision and the development of its energy sector. Including accelerating investment in domestic energy production. It also reaffirms its commitment to its role as a responsible and reliable producer who looks to the future of global energy markets.
Meeting the urgent needs of the market
This decision came after an extensive review of the UAE’s production policy and its current and future capabilities. Given the national interest and the state’s commitment to contributing effectively to meeting the urgent needs of the market. Geopolitical fluctuations continue in the near term through disruptions in the Arabian Gulf and the Strait of Hormuz, which affect supply dynamics. Fundamental trends indicate continued growth in global energy demand in the medium and long term.
The stability of the global energy system depends on the availability of flexible, reliable and affordable supplies. The UAE has invested to meet demand variables efficiently and responsibly, prioritizing supply stability, cost, and sustainability.
This decision comes after decades of constructive cooperation, as the UAE joined OPEC in 1967 through the Emirate of Abu Dhabi. Its membership continued after the establishment of the United Arab Emirates in 1971. During this period, the UAE played an effective role in supporting the stability of the global oil market and promoting dialogue between producing countries.
The decision confirms the development of sector policies to enhance flexibility in responding to market dynamics. While continuing to contribute to its stability in a thoughtful and responsible manner.
Reliable oil producer
The UAE is a reliable producer of the most cost-competitive and lowest carbon-intensive oil in the world. Which contributes to enhancing global growth and reducing emissions.
After leaving OPEC, the UAE will continue its responsible role by gradually and thoughtfully increasing production. In line with demand and market conditions.
With a large and competitive resource base, the UAE will continue to work with partners to develop resources, supporting growth and economic diversification.
It is worth noting that this decision does not change the UAE’s commitment to the stability of global markets or its approach based on cooperation with producers and consumers. Rather, it enhances its ability to respond to changing market requirements.
Focus on the national interest
The UAE affirms its appreciation for the efforts of both OPEC and the OPEC+ alliance, as the country’s presence in the organization has made great contributions and greater sacrifices for the benefit of all. But it is time to focus efforts on what is required by the UAE’s national interest, its commitment to its investor and importer partners, and market needs, and this is what it will focus on in the future.
The UAE also affirms its continued commitment to responsible production policies and its focus on market stability. Taking into account global supply and demand.
The country will continue to invest across the energy sector value chain. Including oil and gas, renewable energy and low-carbon solutions, to support resilience and long-term transformation in the energy system.
The UAE values more than five decades of cooperation with partners. While continuing its active participation to support the stability of global energy markets.
