# UAE said on Tuesday it would leave OPEC and the wider OPEC+ alliance from May 1.

*business · news · 2026-04-29 · MarketScreener*

## Key points

- Goldman Sachs says UAE's OPEC exit poses greater medium-term oil supply upside risk than short-term.
- UAE's departure could allow it to increase crude output once Gulf export routes reopen.
- Goldman estimates UAE's potential crude production at just over 4.5 million bpd by February 2026.
- ADNOC plans to raise UAE production capacity to 5 million bpd by 2027.

**Companies:** Goldman Sachs, ADNOC
**Countries:** United Arab Emirates, Iran

[Read the full story on MarketScreener](https://www.marketscreener.com/news/goldman-says-uae-s-exit-from-opec-raises-medium-term-oil-supply-upside-risk-ce7f58dad089f121)

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