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Tag: OPEC and OPEC Plus membership decision

UAE says OPEC, OPEC+ exit was sovereign strategic decision, not political move

Posted on May 16, 2026 By admin
UAE says OPEC, OPEC+ exit was sovereign strategic decision, not political move

UAE Energy Minister Suhail Mohamed Faraj Al Mazrouei. File picture | Photo Credit: Reuters 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…

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