---
title: "Breaking! The UAE announces its withdrawal from OPEC, experts say it may lead to other members following suit"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284430704.md"
description: "The UAE announced its withdrawal from OPEC and the \"OPEC+\" mechanism starting May 1, 2026, leading to a short-term decline in international oil prices. Experts analyze that this move will free the UAE from production cut constraints and may prompt other member countries to follow suit, weakening OPEC+'s ability to regulate oil prices and impacting countries like Saudi Arabia and Russia"
datetime: "2026-04-28T15:04:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284430704.md)
  - [en](https://longbridge.com/en/news/284430704.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284430704.md)
---

# Breaking! The UAE announces its withdrawal from OPEC, experts say it may lead to other members following suit

**Southern Finance 21st Century Economic Report Journalist Lai Zhentao**

According to CCTV News, on the 28th local time, the United Arab Emirates announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the "OPEC+" mechanism starting May 1, 2026. Following the announcement, international oil prices quickly fell back, with the gains in Brent and WTI crude oil futures narrowing.

Wang Yongzhong, a researcher at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, analyzed to the 21st Century Economic Report that the UAE's exit from the OPEC+ mechanism against the backdrop of high oil prices means it can increase production independently without constraints. This not only weakens OPEC+'s ability to regulate oil prices through collective production cuts but may also trigger other countries to follow suit, thereby impacting countries like Saudi Arabia and Russia

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