ABU DHABI — The United Arab Emirates announced Tuesday it will withdraw from the Organization of the Petroleum Exporting Countries and the OPEC+, with the decision set to take effect on May 1, 2026.The move follows what authorities described as a comprehensive review of the country’s production policy, current capacity, and future energy strategy.Officials said the decision is aimed at allowing greater flexibility in managing production levels and responding to evolving global energy market dynamics, particularly amid ongoing geopolitical tensions affecting supply routes such as the Strait of Hormuz.The UAE said it will continue increasing oil output gradually based on market demand.The exit marks a major policy shift after decades of coordination with global producers.
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