UAE Exits OAPEC After Leaving OPEC and OPEC+

UAE Exits OAPEC After Leaving OPEC and OPEC+

The UAE has announced its departure from the Organization of Arab Petroleum Exporting Countries (OAPEC), Reuters reported, citing a statement from the intergovernmental alliance released on Sunday. OAPEC, founded in 1968 to strengthen cooperation among Arab oil exporters, does not set production policies for its members.

The move follows the UAE’s surprise decision on April 28th, 2026, to withdraw from both OPEC and the OPEC+ producer group to prioritize boosting its own oil output.

This marks a significant shift in the UAE’s energy policy, as the country had long been a key participant in OPEC+ production agreements. Its withdrawal underscores a growing focus on national production goals while leaving responsibility for coordinated market stability measures to the remaining members.

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Fatma Ahmed 2603 Posts

Fatma Ahmed is a staff writer with six years’ experience in Journalism. She is working in the field of oil and gas for four years. She also worked in the field of economic journalism for 2 years. Fatma has a Bachelor Degree in Mass Communication.

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