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OPEC+ withdrawal

UAE denies politics behind OPEC withdrawal

May 16, 2026 by Attia Naveed

The United Arab Emirates defended its withdrawal from OPEC and OPEC+ on Saturday, calling the move a sovereign strategic decision. Energy Minister Suhail Al Mazrouei said the exit followed a review of production policies and future capabilities. The decision matters because it weakens OPEC’s influence over global oil supplies and energy markets. Mazrouei said the […]

Filed Under: Uncategorized Tagged With: crude oil prices, global oil markets, Latest, OPEC+ withdrawal, Saudi Arabia oil policy, Suhail Al Mazrouei, UAE OPEC exit

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