The United Arab Emirates has officially announced its withdrawal from the OPEC and OPEC+ oil alliances, effective May 1, 2026, as part of a long-term economic strategy. This decision will allow the country to independently regulate its production levels and meet growing global demand for oil, gas, and petroleum products.

On April 28, 2026, state news agency WAM reported that the authorities' decision to cease participation in the organizations was the result of a thorough analysis of the country's energy policy in light of global shifts in demand. UAE leadership aims to reinforce the nation’s status as a reliable producer focused on developing promising economic sectors and diversifying hydrocarbon exports. Withdrawal from the agreements eliminates quota obligations, paving the way for increased production in the medium term.

UAE Minister of Energy and Infrastructure Suhail Mohamed al-Mazrouei stated the country’s readiness to meet the energy needs of the global economy. Demand for energy sources worldwide will continue to grow, and leaving the alliances will enable the UAE to help satisfy that demand, al-Mazrouei emphasized. He also noted that this measure is not expected to trigger immediate market destabilization, as the ongoing blockade of the Strait of Hormuz is still restraining actual cargo shipments. The minister clarified that the strategy encompasses not only crude oil but also refined products and natural gas.

Notably, oil production in the UAE fell by more than half in March 2026 due to supply disruptions through the Strait of Hormuz and Iranian drone attacks on the port of Fujairah. In January, production reached 3.4 million barrels per day. However, military activities forced operators to suspend terminal operations. Fires that broke out at infrastructure facilities slowed export operations, creating a local supply shortage. The current situation in the Persian Gulf remains a key factor limiting growth potential for supplies, even following the easing of restrictions from OPEC+.