Exit from OPEC aligns with long-term market fundamentals: UAE Energy Minister
Suhail Al Mazrouei reaffirms UAE’s commitment to energy security and responsible supply
Dubai: His Excellency Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, affirmed that the United Arab Emirates’ decision to exit the Organisation of the Petroleum Exporting Countries (OPEC) is aligned with a policy-based evolution of the sector and in line with long-term market fundamentals.
His Excellency expressed the UAE’s appreciation to OPEC and its member countries for decades of constructive cooperation.
He reaffirmed the UAE’s continued commitment to energy security by providing reliable, responsible and low-emissions supplies that support the stability of global markets.
In a post on his official account on the “X” platform, His Excellency stated: “The UAE’s decision to exit OPEC aligns with a policy-based evolution of the sector and long-term market fundamentals. We express our appreciation to OPEC and its member countries for decades of constructive cooperation. We reaffirm our continued commitment to energy security through the provision of reliable, responsible and low-emissions supplies, supporting the stability of global markets.”
The United Arab Emirates today announced its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC) and OPEC+, effective 1 May 2026.
This decision aligns with the UAE’s long-term strategic and economic vision and the evolution of its energy sector, including accelerated investment in domestic energy production, and reinforces its commitment to its role as a responsible and reliable producer that looks ahead to the future of global energy markets.
The decision followed an extensive review of the UAE’s production policy and its current and future capacity, based on national interest and the country’s commitment to contributing effectively to meeting pressing market needs. While geopolitical volatility continues in the near term, including disruptions in the Arabian Gulf and the Strait of Hormuz that affect supply dynamics, underlying trends indicate continued growth in global energy demand over the medium and long term.