UAE oil exit from OPEC signals focus on domestic priorities
Mădălin Mihai
The United Arab Emirates' decision to leave the Organization of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance on May 1, 2026, "reflects a policy-driven evolution aligned with long-term market fundamentals," Suhail al-Mazrouei, the Emirati energy minister, said on X. "The time has come to focus our efforts on what our national interest dictates and our commitment to our investors, customers, partners and global energy markets," he wrote. According to the Emirati WAM news
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