Why The UAE Walked Away From OPEC
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Why The UAE Walked Away From OPEC

CNBC International • 148K views • May 26, 2026

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The United Arab Emirates’ decision to leave OPEC after nearly 60 years marks a major shift in the global oil order. Officially framed as an economic decision, the move reflects Abu Dhabi’s frustration with production limits, its push to monetize oil reserves and a changing energy market where non-OPEC+ producers are gaining influence. But the timing also points to deeper geopolitical forces: the Iran war, shifting Gulf alliances and Abu Dhabi’s closer alignment with the U.S.

#CNBC #CNBCExplains #UAE #OPEC

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