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Story summary
- The United Arab Emirates will leave OPEC and OPEC+ on May 1 2026.
- The UAE will raise output capacity to 5 million barrels per day by 2027 using its Fujairah hub and a pipeline that bypasses the Strait of Hormuz.
- Experts say the exit could increase market volatility, shift share toward U.S. and Canadian producers, and encourage other OPEC members such as Iraq to consider leaving.
