Abu Dhabi’s break with the cartel could flood markets, rattle prices, and redraw power lines from Riyadh to Moscow
The United Arab Emirates has announced its withdrawal from OPEC and the OPEC+ format effective May 1, 2026, ending nearly six decades of membership. This marks the largest institutional disruption to the oil production coordination system since the establishment of the expanded OPEC+ format in 2016 and is perceived by the market as a step towards weakening the group’s ability to influence global oil prices.
At the same time, the move reflects Abu Dhabi’s strategic course towards maximizing its own production and increasing its…
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