Russia to Remain in OPEC+ Following UAE Withdrawal, Officials Say

Russia has confirmed it will maintain its membership in the OPEC+ alliance following the United Arab Emirates’ recent announcement to withdraw from the group. Russian officials emphasized that the coalition remains essential for stabilizing global oil markets and expressed hope that bilateral energy cooperation with the UAE will continue despite the departure.

Kremlin spokesperson Dmitry Peskov stated that Moscow was not notified in advance of the UAE’s decision to leave the organization. Despite the lack of prior consultation, Peskov noted that Russia anticipates ongoing energy dialogue with Abu Dhabi and expects both nations to maintain constructive engagement on petroleum matters.

Finance Minister Anton Siluanov warned that the UAE’s exit could disrupt existing production coordination among member states. He cautioned that reduced cooperation might lead to unregulated output increases, which could place downward pressure on global oil prices. Siluanov highlighted the importance of maintaining disciplined production levels to prevent market volatility and ensure long-term stability for energy exporters.

The OPEC+ framework, which brings together members of the Organization of the Petroleum Exporting Countries and allied producers, has historically relied on coordinated output adjustments to balance supply and demand. Russian authorities reiterated their commitment to the alliance’s existing agreements and indicated that Moscow will continue participating in scheduled meetings and policy discussions. Officials also noted that while the UAE’s departure alters the group’s composition, it does not diminish Russia’s focus on collaborative market management.

Energy analysts have noted that shifts in membership can influence production quotas and pricing strategies, though the immediate impact on global supply remains under review. Russian representatives stressed that the country’s energy strategy will continue to prioritize market stability and sustained cooperation with international partners.