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The Economic Times

Economy / The Economic Times

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UAEs OPEC exit could sting now, help India later as oil order shifts: Report

The United Arab Emirates has exited OPEC, a move that could change global oil supply and prices. This decision breaks a long-standing production alignment. While immediate impacts might be limited, the UAE's increased production capacity could soften prices long-term. This shift may also lead other nations to re-evaluate their OPEC membership.

1 May 2026 11:42 am