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UAE Exit From OPEC+ Adds Oil Supply Shock Risk to Global Macro Markets
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2026-04-29 01:25

CoinEx News: The United Arab Emirates will withdraw from OPEC and OPEC+ on May 1, 2026, after announcing a policy shift focused on national production flexibility and long-term energy strategy. The UAE said it will add supply in a gradual and measured way based on demand and market conditions, while multiple reports noted that the decision follows years of tension over OPEC+ production quotas.


Source: CoinEx

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