Back to today’s briefing

Story perspectives

UAE Exits OPEC+ May 1, Aims 5 M bpd by 2027

4/28/2026

26 6 Full Breakdown

Summary

Story summary

The United Arab Emirates will leave the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+ on May 1, 2026.
The exit follows a review that targets raising output to five million barrels per day by 2027, reflecting a shift to a diversified economy.
The UAE thanked OPEC for past cooperation, noted the UAE’s contributions, and said Bahrain and Oman remain outside but cooperate with supply-management.

1 of 1

Story summary

The United Arab Emirates will leave the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+ on May 1, 2026.
The exit follows a review that targets raising output to five million barrels per day by 2027, reflecting a shift to a diversified economy.
The UAE thanked OPEC for past cooperation, noted the UAE’s contributions, and said Bahrain and Oman remain outside but cooperate with supply-management.