UAE Explains Departure from OPEC as Strategic Economic Decision

The United Arab Emirates has clarified that its decision to leave the OPEC oil producer group, effective May 1, was a strategic economic move rather than a political one.

16 May, 13:13 — 16 May, 13:13

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cnbcMostly Factual19d ago

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

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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UAE Explains Departure from OPEC as Strategic Economic Decision

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

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