UAE Leaves OPEC and OPEC+ to Pursue Independent Oil Strategy

The United Arab Emirates has left OPEC and OPEC+, according to its energy minister, who said the departure was on good terms and not directed against anyone. The oil chief described the move as gaining the freedom to produce and explained its impact on the country's energy strategy. An energy expert assessed OPEC+'s decision to increase oil production. The exit is seen as a shock to Saudi Arabia's oil leadership.