OPEC+
OPEC and non-OPEC Declaration of Cooperation
Updated 7 November 2026
The wider Declaration of Cooperation binding OPEC to major non-OPEC producers led by Russia — the group whose quota decisions actually move today's oil market.
Key facts
- Founded
- 2016
- Headquarters
- Vienna, Austria
- Members
- 21 states
- The UAE
- Left on 1 May 2026
- UAE trade with members (2025)
- $108.3 billion