General · 28 April 2026

UAE quits OPEC after nearly 60 years

The UAE is walking out of OPEC and OPEC+ after almost six decades. The exit takes effect on 1 May, with UAE Energy Minister Suhail Al Mazrouei saying the move reflects a long-term strategy and is unrelated to tensions with Saudi Arabia. The departure follows weeks of Iranian missile and drone attacks on the UAE and a 44% slump in its oil output during the Hormuz closure.

By BriefTea Editorial · 28 April 2026 at 16:22

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