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UAE exits OPEC, OPEC+ groupings, calls it ‘strategic’ decision

Abu Dhabi: In a significant development, the United Arab Emirates (UAE) on Tuesday announced its decision to exit from OPEC and OPEC+. The decision is being considered as a major shift in global ...
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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.
Reuters

UAE says OPEC, OPEC+ exit was sovereign strategic decision, not political move

DUBAI, May 16 (Reuters) - 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 ...
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Adnoc chief says UAE’s decision to exit Opec not ‘directed against anyone’, will accelerate investments

My Alerts is a service for subscribers. Please login or subscribe in order to use My Alerts. Sultan Ahmed Al Jaber, chief executive of Abu Dhabi National Oil Company (Adnoc), said the United Arab ...
Reuters

FACTBOX-Analysts' reactions on OPEC decision

Dec 8 (Reuters) - Oil analysts are taking stock of the recent OPEC meeting that decided against production cuts despite a huge oversupply in world markets. Oil dived 4 percent to five-year lows on ...