UAE to Exit OPEC and OPEC+ on May 1, Brent Prices Drop Instantly

The United Arab Emirates will exit OPEC and the broader OPEC+ framework starting May 1. Officials said the decision reflects the country's long-term strategic and economic vision and the development of its energy sector, including accelerated investment in domestic energy production. They also stressed their commitment to remaining a reliable supplier for global energy markets. The government made the decision after reviewing its production policy.