Contrary to earlier reports, the United Arab Emirates has denied plans to leave the Organization of the Petroleum Exporting Countries (OPEC) or the wider OPEC+ alliance. A senior UAE official stated on April 29, 2026, that such claims are 'baseless speculation' and reaffirmed the country's commitment to the group.
The denial comes amid ongoing discussions within OPEC+ about production quotas, where the UAE has previously pushed for a higher baseline to reflect its increased capacity. However, no formal decision to exit has been made or announced.
OPEC+ includes OPEC members plus allies like Russia, and has been managing oil output to support prices. The UAE remains one of the top producers in the group, with capacity exceeding 4 million barrels per day.
Market analysts noted that the denial helped stabilize oil prices, which had briefly spiked on the initial unverified report. The UAE has been a member of OPEC since 1967.
