'Right time': UAE Energy Minister on OPEC exit, says move to have minimum impact on other oil producing members

Apr 28, 2026 - 10:45
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'Right time': UAE Energy Minister on OPEC exit, says move to have minimum impact on other oil producing members
The UAE announced its withdrawal from OPEC effective May 1, stating the decision would have minimal impact on other members. Energy Minister Suhail al-Mazrouei emphasised respect for OPEC and Saudi leadership, noting the move followed a thorough review of the country's energy strategy.

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