United Arab Emirates Says It Will Leave OPEC in Major Move

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United Arab Emirates Says It Will Leave OPEC in Major Move

The Gulf government has long complained about the oil cartel’s quotas, which officials believe unfairly limited their exports.

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By

Vivian Nereim

Reporting from Riyadh, Saudi Arabia

April 28, 2026,

8:33 a.m. ET

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The United Arab Emirates plans to leave OPEC, the oil producers’ cartel, next month, the government said on Tuesday.

Emirati officials had long floated the idea of quitting the cartel, complaining that its quotas had curtailed its oil exports in an unfair manner.

The decision to leave was made in light of the country’s “long-term economic vision” and its desire to speed up investment in its energy production sector, according to a statement published by the Emirati state news agency.

This is a developing story. Please check back for updates.

Vivian Nereim is the lead reporter for The Times covering the countries of the Arabian Peninsula. She is based in Riyadh, Saudi Arabia.

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Organization of the Petroleum Exporting Countries (OPEC)

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