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DUBAI, United Arab Emirates (AP) — The United Arab Emirates said Tuesday it will leave OPEC effective May 1, stripping the oil cartel of its third-largest producer and further weakening its leverage over global oil supplies and prices.

The UAE’s decision had been rumored as a possibility for some time, as it pushed back in recent years against OPEC production quotas it felt had been too low — meaning it wasn’t able to sell as much oil to the world as it had wanted.

“Having invested heavily in expanding energy production capacity in recent years, the bigger picture is that the UAE has been itching to pump more oil,” Capital Economics wrote in an analysis. “The ties binding OPEC members together have loosened,” it said, particularly after Qatar withdrew from the cartel in 2019.

Regional politics are also likely at play. The UAE has had increasingly frosty relations with Saudi Arabia, OPEC’s largest producer, over political and economic matters in the Mideast, even after both came under attack by fellow OPEC member Iran during the war.

(article continues, clicky linky)


Yep, Iran War's goin' great, all according to keikaku.

(keikaku means plan)

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[-] UnderpantsWeevil@lemmy.world 26 points 12 hours ago

Oil prices hitting a localized maximum, so no surprise Dubai wants to move more of it more quickly. Also, the war has wrecked hell on their tourism economy, so they're probably staring down some ugly long-term financial projections.

Amazed the rest of OPEC didn't simply loosen production standards in response to the war. Now seems like as good a time as any.

[-] baduhai@sopuli.xyz 3 points 7 hours ago

no surprise Dubai wants to move more of it more quickly

Dubai doesn't actually have much oil, Abu Dhabi is where the vast majority of UAE oil is, and it's not even close. They are the ones with the financial and political power to do something like this.

[-] Photonic@lemmy.world 7 points 12 hours ago

Ahhh… Just as Ohana means family?

[-] AmidFuror@fedia.io 6 points 12 hours ago

Family means no one gets left behind.

[-] Maultasche@lemmy.world 6 points 11 hours ago
[-] AmidFuror@fedia.io 4 points 10 hours ago

How would you know if you'd forgotten them, though? That part never made sense.

[-] turmacar@lemmy.world 3 points 10 hours ago

While you're at it, don't worry about Grandma Coco's grandparents.

[-] ripcord@lemmy.world 3 points 9 hours ago

Also stop talking about Bruno

this post was submitted on 28 Apr 2026
148 points (100.0% liked)

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