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UAE Leaves OPEC+, Trims Prices, Strengthens US Ties

4/28/2026

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Summary

Story summary

UAE will leave OPEC and OPEC+ on May 1, 2026, presented as a win for President Donald Trump and tighter US-UAE-Israel ties.
Energy Minister Suhail Mohamed al-Mazrouei said the exit follows a careful production-policy review and was decided without Saudi input.
The announcement trimmed oil-price gains, cut OPEC+’s output share to 44% in March, and could aid consumers by letting the UAE use low-cost, low-carbon barrels amid scarce spare capacity.

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Story summary

UAE will leave OPEC and OPEC+ on May 1, 2026, presented as a win for President Donald Trump and tighter US-UAE-Israel ties.
Energy Minister Suhail Mohamed al-Mazrouei said the exit follows a careful production-policy review and was decided without Saudi input.
The announcement trimmed oil-price gains, cut OPEC+’s output share to 44% in March, and could aid consumers by letting the UAE use low-cost, low-carbon barrels amid scarce spare capacity.