# The United Arab Emirates announced its decision to leave OPEC and OPEC+ from May 1.

*business · news · 2026-04-30 · Business Today*

## Key points

- The UAE will leave OPEC and OPEC+ effective May 1, ending compliance with production quotas.
- UAE's exit is expected to enable increased oil output once Strait of Hormuz disruptions ease.
- HSBC estimates UAE oil production could rise to over 4.5 million barrels per day post-exit.
- Analysts warn that UAE leaving may weaken OPEC+ discipline and its long-term price management ability.
- Current Strait of Hormuz closures limit immediate market impacts of increased UAE production capacity.

**Companies:** Barclays, HSBC
**Countries:** United Arab Emirates, Russia, United States, Iran

[Read the full story on Business Today](https://www.businesstoday.in/world/story/uae-to-exit-opec-on-may-1-what-does-this-mean-for-oil-markets-prices-and-supply-528056-2026-04-30)

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