ISLAMABAD: In a significant development for global energy markets, the United Arab Emirates has announced its decision to withdraw from the Organization of the Petroleum Exporting Countries, dealing a major blow to the influential oil producers’ alliance.
UAE Energy Minister Suhail Mohamed al-Mazrouei confirmed the move, stating it was a strategic policy decision based on a reassessment of the country’s current and future production plans. The UAE will formally exit both OPEC and OPEC+ from May 1, without prior consultation with other member states.
The decision comes amid heightened geopolitical tensions linked to the Iran war, which has disrupted oil shipments through the Strait of Hormuz—a critical route for global crude and LNG trade.
While UAE officials downplayed the immediate market impact, analysts warn the exit could weaken OPEC’s unity and influence. The move has also drawn attention from Donald Trump, who has previously criticised the group’s pricing policies.
By Reuters
