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UAE’s Exit from OPEC Signals Market Turbulence, Opportunity for India

UAE’s Exit from OPEC Signals Market Turbulence, Opportunity for India

BY Uday India

In a major shift for global energy markets, the United Arab Emirates has announced it will exit OPEC and the broader OPEC+ from May 1, according to state-run WAM. The move marks a significant development for blocs that collectively control nearly half of global oil production and play a key role in influencing prices through output quotas.

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