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UAE quits OPEC in power shift aimed at breaking Saudi oil dominance
International
Published on 2 May 2026
A “political rebellion” to cash out oil before it turns risky
The UAE has exited OPEC and OPEC+, dealing a major blow to long-running Saudi influence over regional oil markets. Analysts frame the move as a “political rebellion,” driven by the UAE’s push for market share and an independent foreign policy toward the US, Israel and Asia. The strategy also targets monetizing oil reserves before they become stranded assets and using proceeds to fund a green transition.
- UAE leaves OPEC and OPEC+, ending decades of Saudi sway
- Analysts call it a “political rebellion” for market share and autonomy
- UAE aims to monetize reserves before they become stranded assets
- Move could reshape Gulf energy power dynamics amid a green shift
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times