UAE to Officially Leave OPEC and OPEC+ in May After 59 Years

On April 28, 2026, the United Arab Emirates (UAE) Ministry of Energy officially announced its withdrawal from both OPEC and the broader OPEC+ alliance, effective May 1, 2026, ending 59 years of membership. The government cites long-term strategic needs, production capacity expansion, energy diversification into renewables and low-carbon sources, and the need for policy flexibility […] Read The Full Article UAE to Officially Leave OPEC and OPEC+ in May After 59 Years On Coin Edition.