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.

# 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. **Read the full article:** [CNBC](https://www.cnbc.com/2026/05/16/uae-decision-to-leave-opec-was-not-a-political-move.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*