The UAE Is Leaving OPEC. Here’s What That Means for Oil.

April 29, 2026 5:10 pm

So the United Arab Emirates announced it’s leaving OPEC. After nearly 60 years of membership, Abu Dhabi looked at the cartel it helped build and basically said, “It’s not you, it’s me.” Then it packed its bags. The official statement cited the UAE’s “long-term strategic and economic vision.” Which is diplomatic speak for “we are SO done here.” Effective May 1, 2026, the UAE is out.✌️ This is a big deal. But a lot of the initial headlines are missing the full picture. Let’s actually understand what happened.

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