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UAE Withdraws from OPEC as Gulf Energy Crisis Deepens

(MENAFN) The United Arab Emirates moved to reassure global energy markets Tuesday, declaring that Abu Dhabi National Oil Company (ADNOC) would stay the course on supply commitments despite the country's landmark decision to exit both OPEC and OPEC+ — a dramatic split that comes as the US-Israeli war against Iran sends shockwaves through global commodity markets.

UAE Industry Minister Sultan Al Jaber, who concurrently serves as managing director and group CEO of ADNOC, took to X — the US social media platform — to frame the withdrawal as a matter of national sovereignty. The decision was, he wrote, "a sovereign decision in line with its long-term energy strategy."

On the future direction of the state-owned energy giant, Al Jaber was unequivocal. "As for ADNOC, our focus remains unchanged," he wrote, adding that the company will continue to meet "the growing energy needs of our customers and partners around the world with reliability, responsibility, and the ambition to deliver more."

He confirmed the strategy would extend across "oil, gas, chemicals, and low carbon and renewable energy."

A Historic Break Within OPEC
The UAE's departure from the Organization of the Petroleum Exporting Countries and its broader OPEC+ alliance represents one of the most consequential fractures within the producer bloc in recent memory. The exit arrives at a particularly volatile moment, as the ongoing US-Israeli military campaign against Iran has driven crude prices sharply higher and intensified fears over the reliability of energy supplies from the Gulf region.

At the epicenter of those fears lies the Strait of Hormuz — the narrow but strategically vital chokepoint through which a substantial share of the world's oil and gas transits — where the war has severely constrained shipping flows and rattled market confidence.

Abu Dhabi Eyes Expanded Role as Global Supplier
The UAE has long pursued an ambitious agenda to scale up its production capacity while simultaneously building out its footprint in gas, petrochemicals, and low-carbon and renewable energy — a multifaceted strategy aimed at cementing Abu Dhabi's standing as an indispensable global energy supplier.

Tuesday's statement from ADNOC signals that despite severing ties with the producer alliances, Abu Dhabi has no intention of stepping back from its international obligations — offering a degree of reassurance to customers and partners navigating an already turbulent energy landscape.

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