The United Arab Emirates Announces Exit from OPEC, Sets Its Own Oil Production to Achieve Strategic Vision and Market Stability | WPN World People News

On the 28th, the United Arab Emirates (UAE) officially announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance, with the decision set to take effect on May 1. The UAE seeks greater independence and flexibility in adjusting its production levels, allowing it to more effectively convert its investments into economic returns before global oil demand slows. This major decision is aimed at enhancing production flexibility and safeguarding national interests.

The UAE government also emphasized that leaving the organization does not mean it will disrupt market stability. The country pledged to introduce additional production capacity to the market in a “gradual and cautious” manner, ensuring alignment with global demand and market conditions. The UAE will continue to cooperate with global consumers and other oil-producing nations to maintain the efficiency and stability of energy supply.

Since joining OPEC in 1967, the UAE has been a member for nearly 60 years. In recent years, the country has continued to focus on diversifying its energy investments, including oil, natural gas, renewable energy, and low-carbon solutions, to support the resilience and transformation of the global energy system. This announcement comes amid heightened tensions between the United States and Iran, which have disrupted energy transportation through the Strait of Hormuz, contributing to a shortfall in global oil supply and increased price volatility. Long-standing disagreements and competition with other OPEC members—especially Saudi Arabia—over production quotas have also played a key role in the UAE’s decision to pursue an independent policy.