The United Arab Emirates has announced its withdrawal from OPEC and OPEC+, effective May 1, 2026. The decision marks a significant shift in the Gulf nation's energy policy after decades of membership in the oil cartel. UAE officials cited the country's growing production capacity and desire for greater flexibility in setting output levels independent of OPEC quotas. The move comes amid ongoing tensions within OPEC+ regarding production targets and market share. Analysts expect the withdrawal to impact global oil markets, potentially increasing supply as the UAE operates outside cartel agreements. Energy Minister Suhail al-Mazrouei stated the decision reflects UAE's strategic vision for its hydrocarbon sector.
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