ABUJA, Nigeria – The United Arab Emirates has announced plans to withdraw from the Organization of the Petroleum Exporting Countries and its allied OPEC+ grouping, citing national economic priorities in a move that could reshape global energy markets.
The decision, confirmed in a government statement on Tuesday, will take effect Friday, marking a major shift for one of the world’s top oil producers.
“This reflects our long-term strategic and economic vision,” authorities said, adding that the country will now focus on policies aligned with its national interests.
Energy Minister Suhail Mohamed al-Mazrouei said the move followed a comprehensive review of production strategies and future energy goals.
The withdrawal comes amid heightened tensions in the Middle East, including disruptions to oil shipments through the Strait of Hormuz, a critical passage that carries about one-fifth of global oil supply.
Analysts say the decision may also reflect strained relations within OPEC, particularly with Saudi Arabia, which has long dominated the group’s production policies.
The UAE has previously resisted production quotas, signalling growing divergence within the alliance.
Experts warn the move could increase volatility in global oil prices already under pressure from geopolitical tensions and supply disruptions.
