The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.

The U.A.E. was the “most likely” candidate to leave OPEC, but others may follow.

The UAE isn’t the only one-time OPEC member that’s lately concluded that the cartel no longer suits its needs. Qatar left OPEC in 2019, Ecuador in 2020, and Angola in 2024. Indonesia suspended its OPEC membership in 2009, rejoined in early 2016, then quit again at the end of that year.

The United Arab Emirates announced it is leaving the Organization of Petroleum Exporting Countries, or OPEC. Jaime Brito is the Executive Director of Refining and Oil Markets at Dow Jones Energy. He says the OPEC cartel defines production limits and tries to make movements to steer oil prices,

US President Donald Trump has welcomed the announced withdrawal of the United Arab Emirates (UAE) from the Organization of the Petroleum Exporting Countries (OPEC). "I think it's great," Trump said

Welcome to the Daily News Brief, CFR’s flagship morning newsletter summarizing the top global news and analysis of the day. Top of the Agenda The UAE announced its exit from the Organization of the Petroleum Exporting Countries (OPEC),

April 29 () - Goldman Sachs on Wednesday said the United Arab Emirates exit from OPEC poses a greater upside ‌risk to oil supply over the medium term than ‌in the short term. The UAE said on Tuesday it would leave OPEC and the ​wider OPEC+ alliance from May 1,

The group of oil-producing countries supplied more than 25 percent of the world’s oil before the war in Iran. Its members have influenced energy markets through the years.