
DUBAI,— The United Arab Emirates said it will continue supplying oil to global markets without limits after leaving OPEC, with officials stressing cooperation with other producers.
Energy Minister Suhail Al Mazrouei said the country has a responsibility to investors to meet global demand.
He spoke on Monday at the Make It In The Emirates conference in Dubai, days after the UAE formally exited the Organization of the Petroleum Exporting Countries on May 1.
The departure marks a shift for one of OPEC’s largest producers and reflects growing differences with Saudi Arabia, which leads both OPEC and the broader OPEC+ alliance.
The two Gulf states have disagreed on oil policy, regional political matters, and competition for investment and skilled workers.
Mazrouei said the UAE remains committed to working with international partners. He stated the country would produce oil based on global market needs while maintaining coordination with other producers.
He also said the decision to leave OPEC was made on good terms and was not aimed at any country. Officials from the state energy company ADNOC echoed that position during the conference.
Mazrouei said there had been little public reaction from OPEC or Saudi Arabia. He described the response as calm and said other countries understand the move as a sovereign decision.
He added that the UAE would continue acting as a responsible oil producer.
Energy analysts have said the UAE’s exit could reduce OPEC’s influence over global oil supply. Some expect the move may encourage higher production among producers, which could put pressure on oil prices.
Mazrouei said the UAE would adjust its engagement in energy markets based on demand and domestic industrial needs.
ADNOC Chief Executive Sultan Al Jaber said the move supports the country’s long-term strategy.
He said it would allow the UAE to expand investment, increase production capacity, and strengthen its role in global energy markets while maintaining partnerships.
(With files from Reuters)
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