The United Arab Emirates will officially leave the OPEC oil cartel and OPEC+ on May 1, 2026, marking a significant change in its nearly six-decade membership.
This decision is interpreted by many as a potential turning point for the oil cartel, which may struggle to maintain its influence in the global market.
The UAE cited a focus on national interests as the primary reason for its exit, a move that could lead to fluctuations in gas prices worldwide.