{
    "success": true,
    "data": {
        "id": 1708446,
        "msgid": "uaes-exit-from-opec-affirmation-of-commitment-to-stabilising-the-oil-market-1777456406",
        "date": "2026-04-29 16:03:16",
        "title": "UAE's Exit from OPEC: Affirmation of Commitment to Stabilising the Oil Market",
        "author": "Sakina Rakhma Diah Setiawan",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Energy",
        "summary": "The United Arab Emirates (UAE) has announced its departure from the Organisation of the Petroleum Exporting Countries (OPEC) effective 1 May 2026, marking a significant shift in the global energy landscape amid escalating geopolitical tensions, including Iranian attacks and disruptions in the Strait of Hormuz. Despite this historic move, UAE's Energy Minister Suhail Al Mazrouei emphasised that the decision was timed to minimise impacts on oil prices and relations with other producers, underscoring Abu Dhabi's ongoing dedication to market stability. This exit is expected to grant the UAE greater flexibility in responding to energy market dynamics while appreciating OPEC and OPEC+ efforts.",
        "content": "<p>JAKARTA, KOMPAS.com - The United Arab Emirates\u2019 (UAE) decision to\nleave the Organisation of the Petroleum Exporting Countries (OPEC)\neffective 1 May 2026 is one of the most significant developments in the\nglobal energy market this year.<\/p>\n<p>This step is seen as a major blow to the oil cartel, which for\ndecades has coordinated production among the world\u2019s major producers,\nparticularly in the Middle East.<\/p>\n<p>However, amid this historic decision, the UAE has reaffirmed that its\ncommitment to global oil market stability remains unchanged.<\/p>\n<p>The decision to exit OPEC was announced following the UAE\u2019s exposure\nto increasing geopolitical pressures, including weeks of missile and\ndrone attacks from Iran, a fellow OPEC member.<\/p>\n<p>These tensions were further exacerbated by shipping disruptions in\nthe Strait of Hormuz, which have limited the UAE\u2019s oil export\ncapabilities, long the foundation of the country\u2019s economy.<\/p>\n<p>The UAE\u2019s Ministry of Energy stated that the decision to leave OPEC\nwas taken after a comprehensive review of its policies and production\ncapacities.<\/p>\n<p>UAE Energy Minister Suhail Al Mazrouei emphasised that the decision\nconsidered minimal impacts on the market and other producing\ncountries.<\/p>\n<p>\u201cOur departure at this time is opportune, as it will have minimal\nimpact on prices and minimal impact on our friends in OPEC and OPEC+,\u201d\nAl Mazrouei told CNBC, as quoted on Wednesday (29\/4\/2026).<\/p>\n<p>This statement underscores the UAE\u2019s efforts to ensure that its\ntransition out of OPEC does not trigger oil price volatility or disrupt\nthe global production balance maintained through OPEC and the OPEC+\nalliance.<\/p>\n<p>In its written statement, the ministry affirmed that the UAE\u2019s exit\nfrom OPEC actually provides greater flexibility to respond to energy\nmarket dynamics.<\/p>\n<p>\u201cWe reaffirm our appreciation for the efforts of OPEC and the OPEC+\nalliance and wish them success,\u201d the UAE Ministry of Energy stated.<\/p>\n<p>This stance serves as an important emphasis that Abu Dhabi does not\nposition the exit as a severance of ties with other oil producers.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/uaes-exit-from-opec-affirmation-of-commitment-to-stabilising-the-oil-market-1777456406",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}