June 5, 2026/United Capital Report

Global Economy: UAE Exits from OPEC

United Arab Emirates (UAE) Leaves the Organization of Petroleum Exporting Countries (OPEC)

On May 1, 2026, UAE exited from OPEC after 59 years of membership UAE described the move as a “policy-driven evolution” in its energy approach It noted that it would enable it to respond to market changes quickly UAE accounts for 3rd of OPEC’s production of 18.98 mb/d in April 2026.

This represents 11% of the total OPEC production in April 2026 After the UAE’s exit, OPEC now has 11 members UAE’s exit from OPEC may weaken the Cartel’s ability to influence global oil market The US Energy Information Administration (EIA) now expects OPEC’s spare capacity at 2.5 mb/d in 2027 Lower than previous forecast of 3.8mb/d.

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