Asian stocks gain and oil prices decline after the UAE says it will exit OPEC - AP News

Asian stocks gain and oil prices decline after the UAE says it will exit OPEC  AP News

Oil Falls on UAE’s Plan to Exit OPEC, But Mideast Tensions Limit Decline - WSJ

Oil Falls on UAE’s Plan to Exit OPEC, But Mideast Tensions Limit Decline  WSJ

Opec without the UAE

Plus, gilts hit rough water

UAE quits OPEC as oil cartel takes blow during war on Iran

The UAE’s decision to quit OPEC to prioritise its ‘national interests’ deals a blow to the oil group.

European stocks to open lower as UAE OPEC exit complicates oil supply outlook

European stocks are expected to open broadly lower on Wednesday as investors react to the latest upset for OPEC and renewed concerns over the AI sector.

Why UAE’s exit from Opec is good news for Asia’s energy security

Asia’s oil import-dependent economies will benefit from the United Arab Emirates’ (UAE) exit from Opec, though the ongoing closure of the arterial Strait of Hormuz may not offer any immediate relief from soaring prices, analysts say. Global oil prices continued to surge on Wednesday, with benchmark Brent crude oil prices hitting US$111 a barrel and US West Texas Intermediate (WTI) approaching US$100 a barrel. Before the Iran war, Brent was trading around US$70 a barrel, while WTI was about US...

By Biman Mukherji

United Arab Emirates will leave OPEC in a blow to the oil cartel

The United Arab Emirates will leave OPEC effective Friday, stripping the oil cartel of its third-largest producer and further weakening its leverage over global oil supplies and prices

By Jon Gambrell

UAE's OPEC exit: Breaking ranks with the GCC, charting its own course

The move, which marks a tectonic shift in West Asia, could reshape India's ties with the GCC and recalibrate its energy security strategy.

The Saudi-Pakistan Factor Behind UAE's Exit From OPEC

The UAE has also been frustrated with Pakistan, partly because of its deepening ties with Saudi Arabia, but also because of what it considers Islamabad's meek role as a mediator between the US and Iran.

China-U.S. tensions build over Iran and AI before Trump meets Xi

Donald Trump and Xi Jinping are headed toward a summit next month with a shared desire to stabilize ties. That calm is being tested as both leaders rush to shore up strategic vulnerabilities over Iranian oil and AI.

United Arab Emirates will leave OPEC in a blow to oil cartel

DUBAI, United Arab Emirates (AP) — The United Arab Emirates said Tuesday it will leave OPEC effective May 1, stripping the oil cartel of its third-largest producer and further weakening its leverage over global oil supplies and prices. The UAE’s decision had been rumored as a possibility for some time, as it pushed back in recent years against OPEC production quotas it felt had been too low — meaning it wasn’t able to sell as much oil to the world as it had wanted. “Having invested heavily in ex

By The Korea Herald

UAE leaves OPEC: Why this is a blow to the oil producing group but may benefit consumers

The United Arab Emirates' withdraw from the oil cartels has caused fresh shockwaves as energy prices soar.

UAE exit weakens OPEC+ power over oil market but group to stay together, sources say

The exit would complicate OPEC+'s efforts to balance the market through adjustments to supply because the group would have control over less of global production, sources say

By Reuters

No more quotas: UAE's exit from Opec paves way for independent oil strategy - The National

No more quotas: UAE's exit from Opec paves way for independent oil strategy  The National

Saudi FM discusses regional developments with UN chief - Arab News

Saudi FM discusses regional developments with UN chief  Arab News

UAE to Exit OPEC and OPEC+ After Nearly 60 Years, Targets Higher Oil Output - The Daily Star Lebanon

UAE to Exit OPEC and OPEC+ After Nearly 60 Years, Targets Higher Oil Output  The Daily Star Lebanon

United Arab Emirates to quit oil cartel OPEC

The United Arab Emirates (UAE) is quitting the Opec and Opec+ groups of major oil producing nations next month after nearly 60 years of membership.

By Abubakar Ibrahim

ISP Middle East to award 100 scholarshipsacross 10 schools in Qatar and the UAE - Qatar Tribune

ISP Middle East to award 100 scholarshipsacross 10 schools in Qatar and the UAE  Qatar Tribune

UAE leaves OPEC, OPEC+ to focus on ‘national interests’ - Kuwait Times

UAE leaves OPEC, OPEC+ to focus on ‘national interests’  Kuwait Times

UAE to leave OPEC and OPEC+ oil producer groups - Daily Mirror - Sri Lanka

UAE to leave OPEC and OPEC+ oil producer groups  Daily Mirror - Sri Lanka

Oil: The Emirates announce their surprise withdrawal from OPEC - Seneweb

Oil: The Emirates announce their surprise withdrawal from OPEC  Seneweb