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UAE says OPEC withdrawal strategic, not political move

By Reuters 16 May 2026, 12:17 pm
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The logo of the Organization of the Petroleum Exporting Countries is seen outside of OPEC's headquarters in Vienna, Austria, on March 3, 2022. (AP/Lisa Leutner)
The logo of the Organization of the Petroleum Exporting Countries is seen outside of OPEC's headquarters in Vienna, Austria, on March 3, 2022. (AP/Lisa Leutner)

DUBAI, United Arab Emirates — 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 says, adding the move was not politically motivated and did not reflect divisions with partners.

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