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Business & Commerce

UAE to Quit OPEC and OPEC+ in Shock Move That Could Redraw Oil Politics

Last updated: April 28, 2026 6:22 pm
Yamna Shahid
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UAE to Quit OPEC and OPEC+ in Shock Move That Could Redraw Oil Politics
UAE to Quit OPEC and OPEC+ in Shock Move That Could Redraw Oil Politics
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The United Arab Emirates said on Tuesday, April 28, that it will leave both OPEC and the wider OPEC+ alliance effective May 1, 2026, a decision that lands like a jolt in the middle of an already tense global energy market. The announcement said the move followed a review of the country’s production policy, its current and future capacity, and what it called the UAE’s “national interest.”

In plain terms, Abu Dhabi is saying it wants more room to act on its own. The official statement argues that the UAE’s energy profile has changed, that it has been investing heavily in domestic production, and that it wants greater flexibility to respond to market demand while still presenting itself as a “responsible” supplier. It also said the UAE plans to bring additional production to market only gradually and in line with demand and market conditions, which suggests the government is trying to calm fears of a sudden supply flood.

Still, this is a serious blow to the producer group. The UAE has been part of OPEC since 1967, first through Abu Dhabi and then as the modern UAE after federation in 1971. As recently as April 5, 2026, OPEC was still listing the UAE among the eight countries coordinating additional voluntary production adjustments, with those states agreeing to implement a 206,000 barrels-per-day production adjustment in May and to meet again on May 3, 2026. That makes Tuesday’s exit announcement feel abrupt, even by oil-market standards.

Why does it matter so much? Because OPEC+ has relied on the appearance of discipline almost as much as the barrels themselves. The UAE is not some fringe member. It is one of the group’s major producers, and its departure chips away at the coalition’s credibility at a moment when oil markets are already jumpy over supply security and regional instability. Outside reporting has also tied the move to longer-running friction with Saudi Arabia, including disagreements over production limits, regional politics, and economic competition between the two Gulf powers.

There is also a broader market backdrop here. OPEC’s own April report said the OPEC Reference Basket averaged $116.36 a barrel in March, while ICE Brent averaged $99.60 that month. The U.S. Energy Information Administration said in its April outlook that Brent averaged $103 in March and could peak at $115 a barrel in the second quarter of 2026 as supply risks persist. On Tuesday, the Wall Street Journal reported Brent climbing to more than $112 and WTI rising above $100 as traders reacted to supply concerns and the wider regional picture. In that environment, even a carefully worded UAE exit is bound to rattle producers and consumers alike.

For now, the UAE is framing the move less as a rebellion than a reset. It praised both OPEC and OPEC+ in its statement and insisted it would remain committed to global market stability. But the politics are harder to soften. A member that helped shape the group for decades is walking away, and it is doing so at a moment when the cartel can least afford to look divided. Whether this turns into a one-off rupture or the start of a wider rethink inside OPEC+ is the question the oil market will now be asking.

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