United Arab Emirates says it will leave OPEC effective May 1

ABC NewsLiveVideoShowsShopInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onUnited Arab Emirates says it will leave OPEC effective May 1The United Arab Emirates says that it will leave the oil cartel OPEC effective May 1ByThe Associated PressApril 28, 2026, 8:34 AM1:52DUBAI, United Arab Emirates -- The United Arab Emirates announced Tuesday that it will leave the oil cartel OPEC effective May 1.The UAE made the announcement via its state-run WAM news agency.“This decision reflects the UAE’s long-term strategic and economic vision and evolving energy profile, including accelerated investment in domestic energy production, and reinforces its commitment to a responsible, reliable, and forward-looking role in global energy markets,” the UAE said.Popular ReadsUS being 'humiliated' by Iran, German chancellor saysApr 28, 3:05 AM'Absolute chaos': Gunman charges WH correspondents' dinner checkpointApr 26, 12:52 AMRob Reiner's son Jake Reiner speaks out in heartbreaking statementApr 24, 10:10 AMIt also comes as the UAE has increasingly come into conflict with Saudi Arabia, particularly over economic issues and the war in Yemen against the Iran-backed Houthi rebels.Sponsored Content by TaboolaPopular ReadsUS being 'humiliated' by Iran, German chancellor saysApr 28, 3:05 AMRob Reiner's son Jake Reiner speaks out in heartbreaking statementApr 24, 10:10 AM'Absolute chaos': Gunman charges WH correspondents' dinner checkpointApr 26, 12:52 AMRoommate charged with murder of 2 USF doctoral students: SheriffApr 25, 3:55 PMABC News Live24/7 coverage of breaking news and live eventsABC News NetworkPrivacy PolicyYour US State Privacy RightsChildren's Online Privacy PolicyInterest-Based AdsAbout Nielsen MeasurementTerms of UseDo Not Sell or Share My Personal InformationContact Us © 2026 ABC News

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