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

By Reuters May 16, 2026 Neutral
UAE says OPEC, OPEC+ exit was sovereign strategic decision, not political move
The United ​Arab Emirates' decision ‌to withdraw from 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 said on Saturday, adding ​the ​move ⁠was not politically ​motivated and ​did ⁠not reflect divisions ⁠with ​partners.
The United ​Arab Emirates' decision ‌to withdraw from 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 said on Saturday, adding ​the ​move ⁠was not politically ​motivated and ​did ⁠not reflect divisions ⁠with ​partners.