UAE withdraws from OPEC and OPEC+ in sovereign, strategic move UAE announces it will withdraw from OPEC and OPEC+ as a sovereign strategic decision, citing long-term economic planning and expanded …
OPEC
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Iran Strikes Fujairah Petroleum Site Days After UAE Announces OPEC Exit Iran struck a petroleum site in Fujairah on May 5, 2026, days after the United Arab Emirates announced plans …
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UAE withdraws from OPEC, effective May 1, 2026, signalling strategic shift in Gulf energy policy UAE withdraws from OPEC and OPEC+ effective May 1, 2026, aiming for production flexibility and …
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Business
UAE Announces Exit from OPEC+ and New Energy Repositioning Strategy
by James Bryantby James BryantUAE Exits OPEC as Government Repositions Energy Strategy and Boosts Local Industry UAE exits OPEC to reposition in global energy, Minister Sultan Al Jaber says; UAE raises industrial procurement to …
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Business
OPEC+ agrees 188,000 bpd production adjustment effective June 2026
by James Bryantby James BryantOPEC+ voluntary adjustments: Seven members agree 188,000 bpd production adjustment for June 2026 Seven OPEC+ members agreed a 188,000 bpd voluntary production adjustment for June 2026, reaffirming flexibility of the …
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Business
UAE exits OPEC+ freeing ADNOC-listed firms to boost production
by James Bryantby James BryantUAE exit from OPEC Signals Shift in Production Policy, Boosts ADNOC Listed Stocks UAE exit from OPEC allows production to be aligned with national capacity, lifting ADNOC-listed shares on ADX …
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UAE OPEC exit frees one million barrels of spare capacity, analysts warn of wider OPEC erosion UAE OPEC exit frees about one million barrels of spare capacity, prompting analysts to …
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Business
UAE Announces Withdrawal from OPEC and OPEC Plus to Boost Output
by James Bryantby James BryantUAE exit from OPEC reshapes Gulf oil strategy as Abu Dhabi seeks greater production freedom UAE exit from OPEC reshapes Gulf oil strategy as Abu Dhabi seeks greater production freedom; …
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UAE exit from OPEC draws Trump praise as Abu Dhabi revamps oil policy U.S. President Donald Trump welcomed the UAE exit from OPEC on Wednesday, saying he believes the move …
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UAE Quits OPEC to Prioritise National Interests, Plans to Expand Oil Output UAE quits OPEC to prioritise national interests and boost oil output amid Strait of Hormuz strains; analysts weigh …