United Arab Emirates quits OPEC as Iran war raises gulf tensions
The United Arab Emirates has announced its departure from OPEC, a significant shift for the organization. This move is expected to lead to an increase in the UAE's oil production, although logistical challenges remain due to the ongoing conflict in the region. The price of crude oil has surged following the announcement and ongoing tensions in the Gulf.
- ▪The UAE is the third-largest oil producer in OPEC, behind Saudi Arabia and Iraq.
- ▪The UAE plans to increase its energy output following its exit from OPEC.
- ▪U.S. crude oil prices surpassed $100 per barrel for the first time since April 10.
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EnergyUnited Arab Emirates quits OPEC as Iran war raises Gulf tensions The UAE is the third-largest oil producer in OPEC, behind Saudi Arabia and Iraq. Leaving the group is likely to be a precursor to increasing oil production.Listen to this article with a free account00:0000:00Add NBC News to GoogleUAE announces it will leave OPEC03:01Get more newsLiveonShareAdd NBC News to GoogleApril 28, 2026, 8:46 AM EDT / Updated April 28, 2026, 9:27 AM EDTBy Steve KopackThe United Arab Emirates said Tuesday that it would leave OPEC, the Organization of the Petroleum Exporting Countries, which coordinates oil output among leading energy producing nations.
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