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UAE Announces OPEC Exit, Citing Production Freedom

The United Arab Emirates announced its departure from OPEC, stating the move would allow it to produce oil without restrictions and pursue faster growth. Officials emphasized the exit was not directed against any specific nation.

4 May, 06:21 — 4 May, 12:14
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Sources

Showing 11 of 20 sources
bloombergHigh7h ago

Asian Buyers Offer Big Premium for Diesel-Rich Crude From UAE - Bloomberg.com

Asian Buyers Offer Big Premium for Diesel-Rich Crude From UAE  Bloomberg.com

Read full article →
straits-timesMostly Factual7h ago

Saudi oil prince’s iron grip faces ultimate test with UAE’s shock OPEC exit - The Straits Times

Saudi oil prince’s iron grip faces ultimate test with UAE’s shock OPEC exit  The Straits Times

Read full article →
DawnMostly Factual5h ago

UAE says Opec exit 'not directed against anyone'

The United Arab Emirates’ shocking decision to leave Saudi-dominated Opec was not targeted at anyone, the UAE minister who heads the state oil giant said on Monday. The move aimed at focusing on national priorities and the UAE economy, said Sultan Al Jaber, who is CEO of state-owned Abu Dhabi National Oil Company (Adnoc) and the country’s industry and advanced technology minister. The decision, which took effect on Friday, followed months of tensions with neighbouring Saudi Arabia, the world’...

By none@none.com (AFP)

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japan-timesMostly Factual7h ago

Saudi oil prince’s iron grip faces ultimate test with UAE’s shock OPEC exit

The departure poses a formidable test for ​the first royal Saudi oil minister whose style has shifted from diplomacy to increasingly unilateral decision-making.

Read full article →
channel-news-asiaMostly Factual5h ago

UAE says OPEC exit 'not directed against anyone'

The UAE has long been frustrated with OPEC's quotas, which sought to cap Emirati production at 3.4 million barrels a day.

Read full article →
seeking-alphaMixed3h ago

UAE says OPEC exit unlocks faster growth, $55B oil push

Read full article →
khaleej-timesMixed3h ago

'Focus not just on recovery': UAE plans strategy to stay ahead of global shocks - Khaleej Times

'Focus not just on recovery': UAE plans strategy to stay ahead of global shocks  Khaleej Times

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Daily SabahMixed4h ago

UAE's OPEC departure 'not directed against anyone', oil chief says

The United Arab Emirates' exit from the Saudi-dominated OPEC was not aimed at any specific country, but is instead part of a wider strategy to safeguard its economy for the fu...

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Daily Star BDMixed6h ago

OPEC+ hikes oil production quotas but stays mum on UAE pull-out - The Daily Star

OPEC+ hikes oil production quotas but stays mum on UAE pull-out  The Daily Star

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punch-ngMostly Factual4h ago

OPEC exit not directed against anyone – UAE official

The UAE explains its shocking OPEC exit, stating the sovereign decision was not targeted at anyone but aimed at focusing on national priorities and the eco Read More: https://punchng.com/opec-exit-not-directed-against-anyone-uae-official/

By Punch Newspapers

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vanguard-ngMixed1h ago

UAE says OPEC exit ‘not directed against anyone’

The UAE's departure from OPEC, dominated by ally-turned-rival Saudi Arabia, was not targeted at anyone but is part of a broader plan to future-proof its economy, the country's oil chief said Monday. The post UAE says OPEC exit ‘not directed against anyone’ appeared first on Vanguard News.

By Ayobami

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Coverage Timeline

First report: japan-times · 4 May, 06:21Full coverage: 20 · 7hWindow: 7h
Left-leaningCenterRight-leaning
japan-times4 May, 06:21First to report

Saudi oil prince’s iron grip faces ultimate test with UAE’s shock OPEC exit

straits-times4 May, 06:26

Saudi oil prince’s iron grip faces ultimate test with UAE’s shock OPEC exit - The Straits Times

bloomberg4 May, 06:31

Asian Buyers Offer Big Premium for Diesel-Rich Crude From UAE - Bloomberg.com

gulf-news4 May, 07:10

UAE Pavilion at Expo 2025 Osaka wins top global design honour - Gulf News

Daily Star BD4 May, 07:22

OPEC+ hikes oil production quotas but stays mum on UAE pull-out - The Daily Star

die-presse4 May, 07:23

Stocker reist in die Vereinigten Arabischen Emirate

1h later
Dawn4 May, 08:28

UAE says Opec exit 'not directed against anyone'

channel-news-asia4 May, 08:46

UAE says OPEC exit 'not directed against anyone'

Daily Sabah4 May, 09:34

UAE's OPEC departure 'not directed against anyone', oil chief says

punch-ng4 May, 10:03

OPEC exit not directed against anyone – UAE official

khaleej-times4 May, 10:10

'Focus not just on recovery': UAE plans strategy to stay ahead of global shocks - Khaleej Times

capital-bg4 May, 10:17

Бизнес глобус: OPEC+ увеличава добива след излизането на ОАЕ; Spirit Airlines обявява фалит; FIFA увеличава наградния фонд на Световното по футбол

seeking-alpha4 May, 11:06

UAE says OPEC exit unlocks faster growth, $55B oil push

hotnews4 May, 11:30

Emiratele Arabe Unite spun că datorează să producă petrol fără restricții, după ieșirea din OPEC

aktuality-sk4 May, 12:00

Šok pre ropný trh: SAE už nechcú tancovať podľa nôt Saudskej Arábie. Čo bude nasledovať?

vanguard-ng4 May, 12:14

UAE says OPEC exit ‘not directed against anyone’

delfi-lt4 May, 12:29

Iranas dronais atakavo JAE tanklaivį

naftemporiki4 May, 12:32

Μόλις πέντε διελεύσεις πλοίων σε 24 ώρες στα Στενά του Ορμούζ

telex4 May, 12:44

Az Egyesült Arab Emírségek szerint eltalálták az egyik olajszállító hajójukat a Hormuzi-szorosnál

newsbeast4 May, 12:51Latest update

Τα ΗΑΕ κατηγορούν το Ιράν ότι επιτέθηκε σε πετρελαιοφόρο δεξαμενόπλοιο κενό φορτίου στα Στενά του Ορμούζ