The United Arab Emirates’ decision to exit OPEC and OPEC+ marks a significant turning point in global oil markets, according to eToro Market Analyst Sam North, highlighting shifting geopolitical dynamics and evolving supply expectations. The UAE announced it will leave the producer alliance effective May 1, 2026, ending nearly six decades of membership. The move reflects a broader strategic shift as the country seeks greater flexibility over its production policy amid rising capacity and changing market conditions. Commenting on the development, Sam North, Market Analyst at eToro, said: “The UAE’s ...