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The United Arab Emirates (UAE) has officially exited the Organization of Arab Petroleum Exporting Countries (OAPEC), marking a major shift in its approach to global energy policy. The move was confirmed in a statement released by the organization on Sunday and comes shortly after the UAE announced its withdrawal from OPEC and OPEC+ on April 28. The country is now focusing on expanding its own oil production capacity and pursuing a more independent energy strategy.
OAPEC, established in 1968, was created to promote cooperation among Arab oil-exporting nations. Unlike OPEC, it does not set production targets or influence output levels. The UAE’s departure reflects its growing preference for autonomy rather than participation in collective oil frameworks, especially as it aims to strengthen its position in the global energy market.
Supporting this strategy, Abu Dhabi National Oil Company (ADNOC) recently revealed plans to award 200 billion dirhams (around $55 billion) in projects between 2026 and 2028. These investments are part of ADNOC’s broader five-year capital expenditure plan, which is designed to boost production, improve infrastructure, and meet increasing global demand for energy. The initiative will also support large-scale project development across ADNOC’s operations, reinforcing the UAE’s long-term growth objectives.
At the same time, geopolitical tensions are impacting oil markets worldwide. The ongoing conflict involving Iran has intensified divisions among Gulf nations and resulted in the closure of the Strait of Hormuz, a key route for oil exports. This disruption has reduced the region’s ability to respond to supply shocks and has contributed to increased market volatility.
Brent crude oil prices are currently hovering around $107.77, reflecting uncertainty driven by supply concerns and geopolitical risks. As the UAE distances itself from traditional alliances like OAPEC and OPEC+, its independent strategy could significantly influence global oil supply and pricing trends in the coming years.
