Monday, October 12, 2026
Freedom Online
  • Home
  • News
    • Foreign
    • Crime
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates
No Result
View All Result
Freedom Online
  • Home
  • News
    • Foreign
    • Crime
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates
No Result
View All Result
Freedom Online
No Result
View All Result

UAE to Exit OPEC and OPEC+ from May 1, 2026

Robert Imoh by Robert Imoh
April 28, 2026
in Business, Foreign, News
0
Share on FacebookShare on TwitterShare on Whatsapp

The United Arab Emirates has confirmed plans to withdraw from the Organization of the Petroleum Exporting Countries and the broader OPEC+ coalition, with the decision set to take effect from May 1, 2026.

The announcement was reported by Dubai-based media, citing official sources.

Officials said the move aligns with the UAE’s long-term economic and energy strategy, which focuses on expanding its production capacity and diversifying its energy portfolio.

The decision follows a detailed assessment of the country’s current output levels and future energy goals.

According to reports, the UAE intends to prioritise its national economic interests while maintaining flexibility in responding to global energy demand.

The country aims to adjust production levels based on market conditions rather than collective quotas.

Despite exiting OPEC and OPEC+, the UAE emphasized that it will remain a dependable energy supplier to the global market.

Authorities stated that additional oil production would be introduced gradually, in line with international demand and supply trends

The government reaffirmed its commitment to continued investment in: Oil and gas production,  Renewable energy projects,  Low-carbon and sustainable energy solutions.

Officials also highlighted plans to collaborate with international partners to ensure a stable global energy supply.

Tags: Dubai energy newsenergy transition newsglobal oil market newsglobal oil supplyMiddle East energyoil production newsOPEC+ alliancerenewable energy UAEUAE energy policyUAE OPEC exit
Share25Tweet16Send
Previous Post

Lagos APC Buys Tinubu Form, Backs Hamzat for 2027 Governorship

Next Post

ADC Crisis: Mark Faction Urges CJN to Speed Up Supreme Court Judgment

Next Post

ADC Crisis: Mark Faction Urges CJN to Speed Up Supreme Court Judgment

Strait of Hormuz

World Bank: Middle East war to spark biggest energy price surge in four years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://freedomonline.com.ng/wp-content/uploads/2026/04/VID-20260408-WA0025.mp4
https://freedomonline.com.ng/wp-content/uploads/2025/01/5aeac180-db4e-4e7c-bd37-07ddbf15b053.mp4

Popular Stories

Plugin Install : Popular Post Widget need JNews - View Counter to be installed

Latest Stories

Gbenga Daniel’s GFF offers free surgeries for 754 residents in Ogun

October 12, 2026

Qatar Airways suspends flights to Riyadh, Dammam

October 12, 2026

Hamzat: Tinubu’s re-election crucial to Nigeria’s prosperity

October 12, 2026

2027: INEC duplicates names of candidates across political parties (see list)

October 12, 2026

Wike: I’m Field Commander of Tinubu’s re-election; no PDP, no APC

October 12, 2026

Makinde, Akande, Aribisala, Adamu, Muoka, others: Meet newly decorated SANs

October 12, 2026
Oyebanji

OYEBANJI DISSOLVES CABINET AHEAD OF FRIDAY’S INAUGURATION (SEE PIX)

October 12, 2026
Freedom Online

© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.

Navigate Site

  • Home
  • News
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates

Follow Us

No Result
View All Result

© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.