What was the UAE's stated reason for exiting OPEC and OPEC+, according to ADNOC CEO Sultan Al Jaber?

According to ADNOC CEO Sultan Al Jaber, the UAE's decision to exit OPEC and OPEC+ was 'not a decision directed against anyone' but rather 'a sovereign decision to reposition itself within the global energy landscape' that serves 'the UAE's national interests and long-term strategic objectives', enabling it to 'accelerate investment, expand and create value' while remaining 'a trusted and responsible partner in global energy markets'.

How did Sultan Al Jaber characterize the UAE's stance on domestic investment amid regional instability, including Iranian missile strikes?

Sultan Al Jaber stated that 'this phase requires serious and bold decisions' and emphasized that 'investing at home, or direct domestic investment, is no longer an option; it is a priority', urging the private industrial sector and UAE sovereign wealth funds to act decisively despite the U.S.-Israeli war with Iran, noting the UAE had 'shown resilience and stood firm against Iranian attacks'.

UAE's Exit from OPEC Not Directed Against Anyone, ADNOC CEO Says

May 4, 2026

ADNOC CEO Sultan Al Jaber confirmed the UAE's OPEC+ exit serves national interests rather than targeting rivals, signaling a strategic shift in global energy markets amidst regional geopolitical tensions.

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