United Arab Emirates exits OPEC and OPEC+ alliance

The United Arab Emirates (UAE) announced its departure from the Organisation of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance after 60 years of membership. UAE Energy Minister Suhail Mohamed al-Mazrouei stated that the decision follows a strategic review of national energy policies and production levels. The UAE, which joined the group in 1967, aims to gain greater autonomy in adjusting its oil production without being bound by quota limits. This exit occurs against the backdrop of an ongoing energy crisis and regional tensions linked to the conflict involving Iran near the Strait of Hormuz. While some analysts suggest this move may weaken internal coordination and price stability, UAE officials maintain that the decision is purely economic. The withdrawal comes after years of reported internal disagreements within the group, now left with 11 members under the leadership of Saudi Arabia. Some sources frame this departure as a political shift, noting recent geopolitical pressures from the United States regarding oil pricing strategies. The UAE government asserts that it will continue to support global energy market stability despite operating independently.