The United Arab Emirates (UAE) has announced its exit from OPEC and OPEC+, marking a major development in global energy politics amid the ongoing international oil supply crisis.
The decision, confirmed on Tuesday, is being seen as a significant setback for the oil-producing alliance and its de facto leader, Saudi Arabia.
In a statement shared on X, UAE Energy Minister Suhail Al Mazrouei said the move is in line with the country’s long-term energy strategy.
“The UAE’s decision to exit OPEC aligns with sector policy-driven developments and is consistent with long-term market fundamentals,” he said.
He also thanked OPEC and its member nations for years of cooperation.
“We express our appreciation to OPEC and member states for decades of constructive cooperation. We reaffirm our commitment to energy security by providing reliable, responsible, and low-emission supplies, supporting global market stability,” the minister added.