Close Menu
Simply Invest Asia
  • Home
  • About us
  • Explore industries/sectors
    • Automobile
    • Aviation
    • Banking
    • Biotechnology
    • Chemical & Fertilizer
    • Entertainment and Media
    • Food Processing
    • Healthcare
    • Iron and Steel
    • Leather
    • Mining
    • Oil and Gas
    • Pharmaceutical
  • Explore by countries
    • China
    • Dubai / UAE
    • Hong Kong
    • India
    • Indonesia
    • Japan
    • Malaysia
  • Explore cities
    • Bangkok
    • Beijing
    • Chongqing
    • Delhi
    • Dubai
    • Guangzhou
    • Jakarta
    • Kuala Lumpur
  • Why Asia
Facebook X (Twitter) Instagram Threads
Trending:
  • India news: PM Modi begins Europe tour with the Netherlands
  • PM Modi Netherlands Visit Live: PM Modi draws analogy between tulip and lotus, says both gain beauty and strength whether in water or on land
  • Cricket commentary | RR vs DC, 43rd Match, IPL 2026
  • 2 Hong Kong tourists killed, 2 injured in New Zealand car crash
  • Dubai opens women-only beach as part of £610m coastline project – Trending Now Infrastructure
  • UAE says OPEC, OPEC+ exit was sovereign strategic decision, not political move – Dubai Eye 103.8
  • Ultra-Processed Foods Linked to Higher Heart Disease and Death Risk, European Heart Journal Report Warns
  • India raises fuel prices amid global energy crisis – Anadolu Ajansı
  • Why Is Ford Motor Drawing Attention Right Now – Kalkine Media
  • Malaysia closely monitoring Global Sumud Flotilla near Gaza, says Anwar
  • DWP confirms what banks can check under new benefit fraud powers
  • Biotechnology Breakthroughs That Are Changing Healthcare
  • Beijing Summit Highlights U.S.-China Business Ties — Like Them Or Not
  • Match Centre – Kowloon City : Hong Kong Football Club
  • Modern Curtain Rods Market in Indonesia | Report – IndexBox
  • Thailand Platinum Mall Vendors Protest Rising Shop Rent Prices
  • UAE skilled private-sector workforce grows 1.5% in Q1 2026 as labour market attracts global talent
  • China’s ChongQing, a beer designed to pair with hotpot, is now in Malaysia
Saturday, May 16
Facebook X (Twitter) Instagram
Simply Invest Asia
  • Home
  • About us
  • Explore industries/sectors
    • Automobile
    • Aviation
    • Banking
    • Biotechnology
    • Chemical & Fertilizer
    • Entertainment and Media
    • Food Processing
    • Healthcare
    • Iron and Steel
    • Leather
    • Mining
    • Oil and Gas
    • Pharmaceutical
  • Explore by countries
    • China
    • Dubai / UAE
    • Hong Kong
    • India
    • Indonesia
    • Japan
    • Malaysia
  • Explore cities
    • Bangkok
    • Beijing
    • Chongqing
    • Delhi
    • Dubai
    • Guangzhou
    • Jakarta
    • Kuala Lumpur
  • Why Asia
Simply Invest Asia
Home»Explore by countries»Dubai / UAE»UAE says OPEC, OPEC+ exit was sovereign strategic decision, not political move – Dubai Eye 103.8
Dubai / UAE

UAE says OPEC, OPEC+ exit was sovereign strategic decision, not political move – Dubai Eye 103.8

By IslaMay 16, 20262 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link



The UAE’s decision to exit the Organisation of the Petroleum Exporting Countries (OPEC and OPEC+) was a “sovereign strategic choice” and not “driven by political considerations”, Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, said on Saturday.

In a post on social media platform X, the minister added that the decision is “rooted in its long-term economic vision, evolving energy capabilities, and enduring commitment to global energy security”.

The move, he added, was made following “a comprehensive assessment of national production policy and future capacity and is guided exclusively by the UAE’s national interest, its responsibility as a reliable energy supplier, and its steadfast commitment to market stability”.

He clarified that “it is not driven by political considerations, nor does it reflect any division between the UAE and its partners”.

“The UAE’s decisions are sovereign, strategic, and guided by national interest, not external speculation,” Al Mazrouei added.

The UAE’s decision to exit OPEC and OPEC+ is a sovereign strategic choice rooted in its long-term economic vision, evolving energy capabilities, and enduring commitment to global energy security.
This decision follows a comprehensive assessment of national production policy and…

— سهيل المزروعي (@HESuhail) May 16, 2026

It was on April 28 that the UAE announced its decision to exit OPEC and OPEC+ from May 1. 

The UAE joined OPEC in 1967 through the Emirate of Abu Dhabi and continued its membership following the formation of the United Arab Emirates in 1971. Throughout this period, the UAE has played an active role in supporting global oil market stability and strengthening dialogue among producing nations, with this decision following decades of constructive cooperation.

More from Local





Source link

Related Posts

PM Modi Netherlands Visit Live: PM Modi draws analogy between tulip and lotus, says both gain beauty and strength whether in water or on land

May 16, 2026

UAE skilled private-sector workforce grows 1.5% in Q1 2026 as labour market attracts global talent

May 16, 2026

UAE reaffirms commitment to protecting its sovereignty in face of Iranian attacks

May 16, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Abandoned malls, whispers of nuclear war and young foreigners detained. This is what’s REALLY going on in Dubai… and the chilling warning one taxi driver gave to the Mail’s IAN BIRRELL

April 11, 2026

Aviation Capital Group Announces Departure of Chief Financial Officer

April 17, 2026

Guangzhou airport unveils replica of China’s first airplane

April 12, 2026
Don't Miss

India news: PM Modi begins Europe tour with the Netherlands

By IslaMay 16, 2026

05/16/2026May 16, 2026Opposition demands education minister’s resignation over leaked pre-medical entrance testThe NEET-UG 2026 exam…

PM Modi Netherlands Visit Live: PM Modi draws analogy between tulip and lotus, says both gain beauty and strength whether in water or on land

May 16, 2026

Cricket commentary | RR vs DC, 43rd Match, IPL 2026

May 16, 2026

2 Hong Kong tourists killed, 2 injured in New Zealand car crash

May 16, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Top Trending

Beijing Summit Highlights U.S.-China Business Ties — Like Them Or Not

By IslaMay 16, 2026

Match Centre – Kowloon City : Hong Kong Football Club

By IslaMay 16, 2026

Modern Curtain Rods Market in Indonesia | Report – IndexBox

By IslaMay 16, 2026
Most Popular

Over 72,000 students, staff at Hong Kong institutions affected in Canvas hack

May 12, 2026

Indonesian Rupiah hits record low vs USD as USD/IDR bullish bias holds

April 17, 2026

Nearly 300K Hyundai vehicles recalled for seat belt issue that could increase injury risk

April 12, 2026
Our Picks

Armed robbers hit Kuala Lumpur gold shop, flee with RM9.7m in jewellery – CNA

April 18, 2026

New Age | Modi seeks trade, energy stability on UAE-Europe tour

May 15, 2026

Hong Kong starts stablecoin rollout with bank-led licenses

April 13, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

© 2026 Simply Invest Asia.
  • Get In Touch
  • Cookie Policy
  • Privacy policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first.

Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.