UAE's OPEC exit is a strategic decision, not politically motivated, according to Energy Minister Suhail Al Mazrouei.
UAE Minister of Energy and Infrastructure, Suhail Mohamed Al Mazrouei
| Photo Credit:
Amr Alfiky
The United Arab Emirates'
decision to withdraw from OPEC and OPEC+ was a sovereign and
The UAE says it is leaving the Opec and Opec+ groups of major oil producing nations.
Gulf state to leave petroleum cartel from 1 May following regional energy shocks
The UAE's exit from OPEC allows for increased oil production independence amid regional tensions and evolving economic strategies.
The U.A.E. decision to leave OPEC and raise production could mean major weakness in prices after the market recovers from the…
According to the Emirates state news agency, the UAE's decision to exit OPEC and OPEC+ "reflects the UAE’s long-term strategic…
UAE signalling intent to pursue independent economic policies and reshape Gulf oil politics.
