The UAE explained its decision to leave OPEC, calling it a strategic move
Suhail Mohammed al-Mazrouei, the United Arab Emirates’ Minister of Energy, commented on the country’s decision to withdraw from OPEC and OPEC+.
This was reported by The Times of Israel.
According to him, this was a sovereign and strategic decision made following a comprehensive assessment of the country’s production policy and its future prospects.
Al-Mazroui emphasized that the withdrawal has no political basis and does not indicate a conflict or disagreement with other members of the organization.
Oil prices have fallen due to the UAE’s withdrawal from OPEC and tensionssurrounding Iran.
As a reminder, OPEC oil exports plummeted to a record low in March.
Earlier, OPEC+ agreed to a minimally symbolic increase in oil production amid the war in Iran, starting in May 2026.
