UAE says OPEC, OPEC+ exit was sovereign strategic decision, not political move
The UAE has announced its withdrawal from OPEC and OPEC+, citing a sovereign and strategic decision rather than political motivations. Energy Minister Suhail Mohamed Faraj Al Mazrouei emphasized that the choice was based on a comprehensive assessment of the country's production policy. This exit is seen as a significant move that could weaken OPEC's influence over global oil supplies.
- ▪The UAE's exit from OPEC was announced on May 1, 2026.
- ▪Energy Minister Suhail Mohamed Faraj Al Mazrouei stated the decision was not politically motivated.
- ▪The departure may weaken OPEC's control over global oil supplies and highlight tensions with Saudi Arabia.
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The United Arab Emirates‘ (UAE) decision to withdraw from Organization of the Petroleum Exporting Countries (OPEC) and OPEC+ was a sovereign and strategic choice based on a comprehensive assessment of its production policy and future capabilities, the UAE Energy Minister, Suhail Mohamed Faraj Al Mazrouei, said on Saturday (May 16, 2026) in a post on X.Mr. Mazrouei added that the move was not politically motivated and did not reflect divisions with partners. Why the UAE is leaving OPECThe UAE announced late April that it was quitting OPEC on Friday (May 1, 2026), dealing a blow to the oil producers’ group as an unprecedented energy crisis caused by the Iran war exposes discord among Gulf nations.“It is not driven by political considerations, nor does it reflect any division…
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