A senior adviser to the UAE president has said the country’s decision to leave OPEC was considered over a three-year period. He said the move reflects the UAE’s belief that the world is entering the “autumn of the hydrocarbon age.” The comments come after the UAE formally ended its nearly 60-year membership in the group.
Anwar Gargash said the UAE aims to maximise oil revenues while global demand remains strong. He added that OPEC production quotas had limited the country’s output despite its higher capacity. The UAE’s production capacity stands at around 4.85 million barrels per day.
Read more: UAE denies politics behind OPEC withdrawal
He said the decision allows the UAE to better use its production potential and invest in other economic sectors. Officials argue the move is part of a long-term strategy to diversify national income. The country plans to increase output further in the coming years.
Gargash said the immediate market impact may be limited due to disruptions in the Strait of Hormuz. He noted that regional tensions have already affected global oil flows. However, he warned that OPEC’s influence could change once normal conditions return.
Read more: UAE and OPEC
The UAE continues to position itself as a stabilising force in global energy markets. Energy officials say the country remains committed to responsible production policies. The decision also highlights growing strategic and economic differences within the Gulf region.