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At least one additional country will officially announce its withdrawal from OPEC by December 31, 2026.
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GeopoliticsEnergyOPEC
The United Arab Emirates (UAE) is set to officially leave OPEC on May 1, 2026, following Angola's departure on January 1, 2024. These recent exits highlight growing internal disagreements within the oil cartel, particularly regarding production quotas and national interests. With the UAE's departure, OPEC will consist of 11 member countries.
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Resolution date
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GeopoliticsEnergyOPEC
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