What are OPEC and OPEC +, and why has the UAE quit?
The United Arab Emirates has announced its withdrawal from OPEC and the OPEC+ framework, effective May 1. This decision marks a significant shift in the dynamics of the influential energy group, which has been coordinating oil production among member states since its establishment. The UAE's departure is attributed to a focus on national interests and a growing divergence from other OPEC members, particularly Saudi Arabia.
- ▪The UAE has been a member of OPEC since 1967.
- ▪OPEC currently controls about 30 percent of global oil supply.
- ▪The UAE's exit comes amid rising tensions in the region, particularly related to the US-Israel war on Iran.
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News|OPECWhat are OPEC and OPEC +, and why has the UAE quit?The Gulf state is the latest to quit the group, which was created to form a united front on oil pricing.ListenListen (4 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoThe Khurais oilfield northeast of Riyadh, Saudi Arabia [File: Amr Nabil/AP]By Al Jazeera StaffPublished On 28 Apr 202628 Apr 2026The United Arab Emirates has announced its withdrawal from OPEC and the wider OPEC+ framework, removing a core pillar of one of the most influential groups in the energy world.The Gulf country, with a capacity of approximately 4.8 million barrels per day and significant room to increase output, announced on Tuesday that it would quit the organisation to focus…
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