UAE says its decision to leave OPEC was a strategic economic move, not a political one

The UAE says its decision to leave OPEC and OPEC+ was based on the country's national interest. Energy Minister Suhail Mohamed Al Mazrouei says it remains committed to maintaining market stability.

CNBC • May 16, 2026

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.

Reuters • May 16, 2026

UAE says it is discussing currency swap line with US

The United Arab Emirates is discussing a currency swap line with the United States, ​its trade minister said on Monday.

Reuters • May 4, 2026

UAE's exit from OPEC not directed against anyone, ADNOC CEO says

The United Arab Emirates' decision to exit OPEC and OPEC+ was not directed against ​anyone but meant to serve national interests, Abu Dhabi National ‌Oil Company CEO Sultan Al Jaber said on Monday.

Reuters • May 4, 2026

UAE could draw higher US investment on pumping more oil, J.P. Morgan says

J.P. Morgan on Thursday said the UAE could attract greater investments from U.S. ​companies once it is in a position ‌to pump more oil after the country decided to leave the Organization of Petroleum Exporting Countries group.

Reuters • Apr 30, 2026

CNBC Daily Open: UAE leaves OPEC adrift

The United Arab Emirates will exit OPEC on May 1. European bank earnings top forecasts, but Airbus misses expectations.

CNBC • Apr 29, 2026

UAE oil stocks collapse to the lowest level on record

Oil inventories at the key United Arab Emirates storage hub in Fujairah have extended their sharp decline, falling 6.3% week-on-week to 6.982 million barrels.

Finbold • Apr 29, 2026

United Arab Emirates to leave OPEC on May 1 in shocking blow to world's largest oil cartel amid Iran war

Though the Middle Eastern nation did not give a reason for its exit, some of its oil infrastructure was recently damaged by drone strikes from fellow OPEC member Iran.

New York Post • Apr 28, 2026

United Arab Emirates Leaves OPEC In Favor Of ‘National Interest'

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Forbes • Apr 28, 2026

UAE Energy Minister explains decision to leave OPEC as Hormuz crisis deepens

Suhail Al Mazrouei, the UAE's Energy Minister speaks to CNBC's Dan Murphy following the country's announcement it will leave OPEC. The Minister described the move as a "pure policy change", dismissing suggestions it is a rejection of production cuts led by Saudi Arabia.

CNBC International TV • Apr 28, 2026