A senior adviser to the UAE president has said the country’s decision to leave OPEC was considered over a three-year period. He said the move reflects the UAE’s belief that the world is entering the “autumn of the hydrocarbon age.” The comments come after the UAE formally ended its nearly 60-year membership in the group. […]
UAE OPEC exit
UAE denies politics behind OPEC withdrawal
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 […]
UAE reviews alliances after OPEC exit amid regional tensions
The United Arab Emirates is reassessing its participation in multilateral organisations following its decision to exit OPEC, according to a senior official. The official clarified that while the country is reviewing its international commitments, it is not planning any further withdrawals at this stage. The move comes after Abu Dhabi’s surprise announcement that it would […]
UAE quits OPEC in major shock move
The United Arab Emirates has announced its withdrawal from OPEC and OPEC+, delivering a major setback to the global oil producers’ alliance. The decision is significant as it comes amid ongoing disruptions in global energy markets linked to regional conflict and supply instability. According to UAE Energy Minister Suhail Mohamed al-Mazrouei, the move follows a […]