فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
April 29, 2026 – International News
International – The United Arab Emirates officially announced on Tuesday its withdrawal from the Organization of the Petroleum Exporting Countries and the “OPEC+” alliance, effective May 1, 2026, in a move described as one of the most significant shifts in the global energy market in recent years.
According to the Emirates News Agency, the decision followed a comprehensive review of the country’s production policy and its current and future energy capabilities. Authorities emphasized that the move is based on the “national interest” and Abu Dhabi’s desire to respond more flexibly to global market changes.
UAE officials stressed that the withdrawal does not mean abandoning support for the stability of international energy markets. Instead, the decision aims to strengthen the country’s ability to adapt to changing global demand and respond more rapidly to economic and geopolitical developments.
The decision brings an end to more than five decades of United Arab Emirates membership in Organization of the Petroleum Exporting Countries. The country first joined the organization in 1967 through the Emirate of Abu Dhabi and maintained its membership following the establishment of the UAE federation in 1971.
This development comes amid continued volatility in global oil markets, particularly due to ongoing geopolitical tensions in the Gulf region and around the Strait of Hormuz, as well as changes linked to the global energy transition and efforts to reduce carbon emissions.
The UAE also confirmed that it will continue its strategy of diversifying energy investments by expanding oil and gas projects, renewable energy initiatives, and low-emission solutions as part of a long-term vision to enhance the resilience of the energy sector.
Observers believe the decision could trigger broad reactions in global markets, given the UAE’s position among the world’s leading oil producers and exporters, as well as the potential impact of the move on the balance within “OPEC+” and future crude oil prices.
Source: Fes News Media
