The United Arab Emirates announced on Tuesday that it will depart from the Organization of the Petroleum Exporting Countries on May 1, 2026.
In an official statement delivered via the Emirates News Agency, the UAE noted that its “long-term strategic and economic vision” had diverged from OPEC’s. The move comes as global oil benchmark Brent crude rose to over $110 per barrel after markets opened.
Joining OPEC in 1967 as the Emirate of Abu Dhabi, the UAE served as OPEC’s third-largest producer in its nearly 60-year tenure with the group.
