UNSPLASH / KHADEEJA YASSER
baha breaking news[04/28/2026] 15:25
UAE to leave OPEC, OPEC+ on May 1
The United Arab Emirates (UAE) will leave OPEC and OPEC+, with the decision effective May 1, according to a statement from the country's Energy Ministry quoted by Emirates News Agency (WAM) on Tuesday.
UAE Energy Minister Suhail al-Mazroui shared that while the country has been a part of these organizations "for a long time," it believes that the world will need more energy in the future. With this in mind, Abu Dhabi felt like this was the right time to exit the alliance.
Al-Mazroui noted that this move will help the UAE meet the changing demand, with the country's oil production to be raised "gradually."
