UAE Withdraws From Organization of Arab Petroleum Exporting Countries – OAPEC Statement
An oil tanker approaches a new jetty during the launch of the new $650 million oil facility in Fujairah, United Arab Emirates
The United Arab Emirates (UAE) has withdrawn from the Kuwait-based Organization of Arab Petroleum Exporting Countries (OAPEC) after leaving OPEC and the OPEC+, the OAPEC said. “The General Secretariat of the … OAPEC was informed of a letter from UAE Energy Minister Suheil Al Mazrouei to the Chairman of the current session of the OAPEC Council of Ministers, which announces the UAE’s decision to withdraw from the organization effective May 1, 2026,” the statement read.
WorldOPEC+ Adjusts Oil Output by 188,000 Bpd, Russia Gets Biggest BoostYesterday, 13:17 GMTOAPEC, founded in 1968, includes Kuwait, Libya, Saudi Arabia, Algeria, Bahrain, Egypt, Iraq, Qatar, Syria.
