The UAE will exit OPEC and OPEC+ on May 1 as part of a strategic realignment after the Iran war. The Energy Ministry said the move supports changing demand and allows gradual output increases. The decision follows tensions with Saudi Arabia over prod

2026-04-28

The UAE will exit OPEC and OPEC+ on May 1 as part of a strategic realignment after the Iran war. The Energy Ministry said the move supports changing demand and allows gradual output increases. The decision follows tensions with Saudi Arabia over production policy and regional influence. Disputes had previously pushed Abu Dhabi close to quitting, though it had not acted until now.