UAE's Minister of Energy and Industry Suhail al-Mazrouei is shown arriving for an OPEC meeting in Vienna, Austria, on June 4, 2023. Joe Klamar/AFP via Getty Images hide caption toggle caption Joe Klamar/AFP via Getty Images Stay up to date with our Up First newsletter sent every weekday morning. The United Arab Emirates has announced that it's leaving OPEC, the cartel representing major state-owned oil producers, on May 1. In an announcement posted on state-owned media, the UAE wrote that the decision "reflects the UAE's long-term strategic and economic vision and evolving energy profile, including accelerated investment in domestic energy production, and reinforces its commitment to a responsible, reliable, and forward-looking role in global energy markets." OPEC includes major state-owned oil producers like Saudi Arabia, Kuwait and Iran; the UAE joined the group nearly 60 years ago, just a few years after the cartel was established.…