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Will another country leave OPEC in 2026?

icon for Will another country leave OPEC in 2026?

Will another country leave OPEC in 2026?

33% chance
Polymarket

$170,876 Vol.

33% chance
Polymarket

$170,876 Vol.

On April 28, 2026, the United Arab Emirates officially announced that it would withdraw from OPEC. You can read more about that here: https://www.reuters.com/markets/commodities/uae-says-it-quits-opec-opec-statement-2026-04-28/. This market will resolve to “Yes” if another OPEC member officially announces its withdrawal from OPEC between market creation and December 31, 2026, 11:59 PM Gulf Standard Time. Otherwise, this market will resolve to “No”. An official announcement made by any country that is an OPEC member at the time of market creation and has not already announced its exit will suffice, regardless of when the withdrawal is set to take effect. Informal announcements, statements from unnamed sources, or leaks will not qualify. This market’s primary resolution source will be official information from the respective governments; however, a consensus of credible reporting will also be used.Recent exits, including the UAE’s formal withdrawal effective May 1, 2026, and Angola’s departure in 2024, have already strained OPEC cohesion amid disputes over production quotas and capacity assessments. Venezuela’s ongoing deliberations as of late August represent the primary near-term risk, linked to improving U.S. ties and potential oil-sector deals, yet remain unconfirmed with negligible immediate supply effects. Iraq signaled possible withdrawal in June unless quotas rise but has continued pushing internally without exiting. These developments, set against the Iran-related regional disruptions that prompted the UAE move, have led traders to price only a modest chance of one more formal departure before year-end, viewing core members’ quota negotiations and institutional inertia as stabilizing forces.

On April 28, 2026, the United Arab Emirates officially announced that it would withdraw from OPEC. You can read more about that here: https://www.reuters.com/markets/commodities/uae-says-it-quits-opec-opec-statement-2026-04-28/.

This market will resolve to “Yes” if another OPEC member officially announces its withdrawal from OPEC between market creation and December 31, 2026, 11:59 PM Gulf Standard Time. Otherwise, this market will resolve to “No”.

An official announcement made by any country that is an OPEC member at the time of market creation and has not already announced its exit will suffice, regardless of when the withdrawal is set to take effect.

Informal announcements, statements from unnamed sources, or leaks will not qualify.

This market’s primary resolution source will be official information from the respective governments; however, a consensus of credible reporting will also be used.
Volume
$170,876
End Date
Dec 31, 2026
Market Opened
Apr 28, 2026, 1:11 PM ET
On April 28, 2026, the United Arab Emirates officially announced that it would withdraw from OPEC. You can read more about that here: https://www.reuters.com/markets/commodities/uae-says-it-quits-opec-opec-statement-2026-04-28/. This market will resolve to “Yes” if another OPEC member officially announces its withdrawal from OPEC between market creation and December 31, 2026, 11:59 PM Gulf Standard Time. Otherwise, this market will resolve to “No”. An official announcement made by any country that is an OPEC member at the time of market creation and has not already announced its exit will suffice, regardless of when the withdrawal is set to take effect. Informal announcements, statements from unnamed sources, or leaks will not qualify. This market’s primary resolution source will be official information from the respective governments; however, a consensus of credible reporting will also be used.
On April 28, 2026, the United Arab Emirates officially announced that it would withdraw from OPEC. You can read more about that here: https://www.reuters.com/markets/commodities/uae-says-it-quits-opec-opec-statement-2026-04-28/. This market will resolve to “Yes” if another OPEC member officially announces its withdrawal from OPEC between market creation and December 31, 2026, 11:59 PM Gulf Standard Time. Otherwise, this market will resolve to “No”. An official announcement made by any country that is an OPEC member at the time of market creation and has not already announced its exit will suffice, regardless of when the withdrawal is set to take effect. Informal announcements, statements from unnamed sources, or leaks will not qualify. This market’s primary resolution source will be official information from the respective governments; however, a consensus of credible reporting will also be used.Recent exits, including the UAE’s formal withdrawal effective May 1, 2026, and Angola’s departure in 2024, have already strained OPEC cohesion amid disputes over production quotas and capacity assessments. Venezuela’s ongoing deliberations as of late August represent the primary near-term risk, linked to improving U.S. ties and potential oil-sector deals, yet remain unconfirmed with negligible immediate supply effects. Iraq signaled possible withdrawal in June unless quotas rise but has continued pushing internally without exiting. These developments, set against the Iran-related regional disruptions that prompted the UAE move, have led traders to price only a modest chance of one more formal departure before year-end, viewing core members’ quota negotiations and institutional inertia as stabilizing forces.

On April 28, 2026, the United Arab Emirates officially announced that it would withdraw from OPEC. You can read more about that here: https://www.reuters.com/markets/commodities/uae-says-it-quits-opec-opec-statement-2026-04-28/.

This market will resolve to “Yes” if another OPEC member officially announces its withdrawal from OPEC between market creation and December 31, 2026, 11:59 PM Gulf Standard Time. Otherwise, this market will resolve to “No”.

An official announcement made by any country that is an OPEC member at the time of market creation and has not already announced its exit will suffice, regardless of when the withdrawal is set to take effect.

Informal announcements, statements from unnamed sources, or leaks will not qualify.

This market’s primary resolution source will be official information from the respective governments; however, a consensus of credible reporting will also be used.
Volume
$170,876
End Date
Dec 31, 2026
Market Opened
Apr 28, 2026, 1:11 PM ET
On April 28, 2026, the United Arab Emirates officially announced that it would withdraw from OPEC. You can read more about that here: https://www.reuters.com/markets/commodities/uae-says-it-quits-opec-opec-statement-2026-04-28/. This market will resolve to “Yes” if another OPEC member officially announces its withdrawal from OPEC between market creation and December 31, 2026, 11:59 PM Gulf Standard Time. Otherwise, this market will resolve to “No”. An official announcement made by any country that is an OPEC member at the time of market creation and has not already announced its exit will suffice, regardless of when the withdrawal is set to take effect. Informal announcements, statements from unnamed sources, or leaks will not qualify. This market’s primary resolution source will be official information from the respective governments; however, a consensus of credible reporting will also be used.

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Frequently Asked Questions

"Will another country leave OPEC in 2026?" is a prediction market on Polymarket where traders buy and sell "Yes" or "No" shares based on whether they believe this event will happen. The current crowd-sourced probability is 33% for "Yes." For example, if "Yes" is priced at 33¢, the market collectively assigns a 33% chance that this event will occur. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

As of today, "Will another country leave OPEC in 2026?" has generated $170.9K in total trading volume since the market launched on Apr 28, 2026. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.

To trade on "Will another country leave OPEC in 2026?," simply choose whether you believe the answer is "Yes" or "No." Each side has a current price that reflects the market's implied probability. Enter your amount and click "Trade." If you buy "Yes" shares and the outcome resolves as "Yes," each share pays out $1. If it resolves as "No," your "Yes" shares pay $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current probability for "Will another country leave OPEC in 2026?" is 33% for "Yes." This means the Polymarket crowd currently believes there is a 33% chance that this event will occur. These odds update in real-time based on actual trades, providing a continuously updated signal of what the market expects to happen.

The resolution rules for "Will another country leave OPEC in 2026?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.