{"id":3776,"date":"2026-04-29T14:03:06","date_gmt":"2026-04-29T11:03:06","guid":{"rendered":"https:\/\/bricsmagazine.com\/en\/?p=3776"},"modified":"2026-04-29T14:03:07","modified_gmt":"2026-04-29T11:03:07","slug":"the-uae-exits-opec-how-this-will-affect-brics-and-reshape-the-balance-of-power-in-the-oil-market","status":"publish","type":"post","link":"https:\/\/bricsmagazine.com\/en\/main-issue\/agenda\/brics-plus-news\/the-uae-exits-opec-how-this-will-affect-brics-and-reshape-the-balance-of-power-in-the-oil-market\/","title":{"rendered":"The UAE exits OPEC: how this will affect BRICS+ and reshape the balance of power in the oil market"},"content":{"rendered":"\n

The UAE has announced <\/a>its withdrawal from OPEC and OPEC+ agreements effective May 1, 2026, confirming its intention to reconsider its role in the global system of oil market regulation. The decision was officially reported by the state news agency WAM.<\/p>\n\n\n\n

UAE: more flexibility and consideration of sovereign interests
<\/strong>According to UAE authorities, the exit will allow the country to pursue a more flexible energy policy that takes into account national interests and investment plans in production. Amid growing capacity and ambitions to increase exports, Abu Dhabi aims <\/a>to move away from quota restrictions and independently determine its production levels.<\/p>\n\n\n\n

OPEC and Saudi Arabia: declining influence and overall weakening
<\/strong>For the oil market, this decision could prove to be a turning point. Weaker coordination within OPEC+ reduces the cartel\u2019s ability to manage supply and stabilize prices. According to analysts<\/a>, this also undermines the influence of the alliance\u2019s key player\u2014Saudi Arabia, which has traditionally acted as the main regulator of production.<\/p>\n\n\n\n

Russia: oil prices may decline, need to build financial reserves<\/strong>
In Russia, the situation is being approached with caution. Finance Minister Anton Siluanov noted <\/a>that a potential increase in oil supply on the market could lead to lower prices and, consequently, risks to budget revenues. Under these conditions, he said, it is important to build up financial reserves in advance.<\/p>\n\n\n\n

China and Asian countries: expected decline in energy prices amid overall supply instability and potential disruption of existing chains<\/strong>
For Asian countries, primarily China and India, the situation appears <\/a>more ambiguous. On the one hand, a possible decline in energy prices could support economic growth. On the other, the UAE\u2019s exit increases uncertainty in global supply chains, which is particularly sensitive against the backdrop of existing geopolitical risks and instability in the Middle East.<\/p>\n\n\n\n

Global oil market: anticipating large-scale transformation<\/strong>
In a broader context, the UAE\u2019s decision may accelerate the transformation <\/a>of the global oil market\u2014from centralized regulation toward a more fragmented system in which exporting countries increasingly act based on their own strategies rather than collective agreements.<\/p>\n","protected":false},"excerpt":{"rendered":"

The UAE has announced its withdrawal from OPEC and OPEC+ agreements effective May 1, 2026, confirming its intention to reconsider its role in the global system of oil market regulation. The decision was officially reported by the state news agency WAM. UAE: more flexibility and consideration of sovereign interestsAccording to UAE authorities, the exit will […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1042],"tags":[],"country":[],"authors":[],"class_list":["post-3776","post","type-post","status-publish","format-standard","hentry","category-brics-plus-news"],"acf":[],"yoast_head":"\nThe UAE exits OPEC: how this will affect BRICS+ and reshape the balance of power in the oil market - BRICS Business Magazine - EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bricsmagazine.com\/en\/main-issue\/agenda\/brics-plus-news\/the-uae-exits-opec-how-this-will-affect-brics-and-reshape-the-balance-of-power-in-the-oil-market\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The UAE exits OPEC: how this will affect BRICS+ and reshape the balance of power in the oil market - BRICS Business Magazine - EN\" \/>\n<meta property=\"og:description\" content=\"The UAE has announced its withdrawal from OPEC and OPEC+ agreements effective May 1, 2026, confirming its intention to reconsider its role in the global system of oil market regulation. 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