UAE's OPEC exit is a strategic decision, not politically motivated, according to Energy Minister Suhail Al Mazrouei.

The U.A.E. decision to leave OPEC and raise production could mean major weakness in prices after the market recovers from the Iran War.

UAE’s exit from OPEC and OPEC+ is a sovereign move driven by national interests, long-term economic vision and expanding energy capacity, officials say

UAE's OPEC exit is a strategic decision, not politically motivated, according to Energy Minister Suhail Al Mazrouei.

The United Arab Emirates, which joined OPEC in 1967, announced last month it was leaving the oil producer group on May 1.

The UAE is leaving OPEC and OPEC+ effective May 1, calling it a sovereign strategic decision. The exit removes OPEC's third-largest producer and about 15% of its capacity.

The United Arab Emirates left OPEC because its oil production capacity was limited to over 3 million barrels per day.