UAE Withdraws From OPEC Amid Gulf Tensions, Global Energy Uncertainty

The United Arab Emirates announced today its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, ending nearly six decades of membership. This decision, effective May 1, is driven by rising geopolitical tensions and pressures on global oil markets, exacerbated by the ongoing Iran war. UAE Energy Minister Suhail Mohamed al-Mazrouei confirmed that the withdrawal aims to allow greater flexibility to respond to market demand.