The United Arab Emirates announced its decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+.
The decision will be effective as of May 1, 2026, according to the state-run Emirati News Agency (WAM) on Tuesday.
The report said the decision is in line with the country's long-term strategic and economic vision and the development of its energy sector.
The decision also reinforces the UAE's commitment to its role as a responsible and reliable producer that looks to the future of global energy markets, it added.
The UAE has joint OPEC in 1967.
