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UAE exits OPEC as Abu Dhabi seeks output control and risks cartel unity
International
Published on 28 April 2026
It wants freedom to set output as shocks hit
The UAE, OPEC’s third-largest producer, is set to leave the cartel officially from May 1, 2026. Abu Dhabi’s motive is control: it wants flexibility to raise output, respond faster to market shocks, and align oil policy with its broader economic strategy. The move threatens OPEC’s quota system and may trigger questions about Iraq or Kuwait’s commitment—potentially shifting oil prices.
- UAE plans to exit OPEC from May 1, 2026
- Abu Dhabi wants control over output and faster responses
- The departure weakens OPEC’s quota-based unity
- Next targets could be Iraq or Kuwait as markets watch
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times