The United Arab Emirates has announced it will withdraw from the OPEC and OPEC+, marking a major shift in global energy politics as oil prices remain volatile due to tensions in the Middle East.
The UAE, which has been a member of OPEC through Abu Dhabi since 1967, said the decision reflects its long-term national economic and energy strategy. The move will take effect on Friday, according to a statement carried by the official WAM news agency.
Officials said the country is seeking to prioritise “national interests” and adapt to its evolving energy profile, while noting its historical contributions to the organisation.
The UAE is one of the world’s largest oil producers and had previously expressed frustration over production quotas within the cartel.
Analysts say the withdrawal could weaken OPEC+, which is led by Saudi Arabia and Russia, and may contribute to increased volatility in global oil markets, particularly amid ongoing disruptions linked to conflict in the Middle East and restrictions on key shipping routes such as the Strait of Hormuz.
Energy experts warn that the move could allow the UAE greater flexibility to increase production independently, potentially challenging OPEC’s role in stabilising supply and prices.
The decision comes during one of the most unstable periods for global oil markets in decades, with prices already under pressure from geopolitical tensions and supply constraints.