United Arab Emirates announced it will leave Organization of the Petroleum Exporting Countries and OPEC+ starting May 1, 2026.
Energy Minister Suhail Al Mazrouei said the move will give the UAE more flexibility to work with partners and investors as global energy demand grows.
The decision also comes amid rising regional tensions around the Strait of Hormuz, prompting the Abu Dhabi National Oil Company to shift some oil cargo operations to Fujairah, outside the strait, to reduce export risks.
Credit : CGTN
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