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

CNBCNewswireSaturday, May 16, 2026
UAE says its decision to leave OPEC was a strategic economic move, not a political one

Desk Brief

The United Arab Emirates, which joined OPEC in 1967, announced last month it was leaving the oil producer group on May 1.

The United Arab Emirates, which joined OPEC in 1967, announced last month it was leaving the oil producer group on May 1.

The United Arab Emirates, which joined OPEC in 1967, announced last month it was leaving the oil producer group on May 1.

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