Pakistan, May 16 -- The United Arab Emirates defended its withdrawal from OPEC and OPEC+ on Saturday, calling the move a sovereign strategic decision. Energy Minister Suhail Al Mazrouei said the exit followed a review of production policies and future capabilities. The decision matters because it weakens OPEC's influence over global oil supplies and energy markets.

Mazrouei said the UAE's departure was not politically motivated and did not reflect divisions with partner countries. He stressed the country remains committed to cooperation with major oil producers. Furthermore, he said the move supports the UAE's long-term energy and production strategy.

Read more: United Arab Emirates Leaves OPEC, Reshapes Global Oil Market

The UAE offic...