UAE exit from OPEC has no immediate impact on oil prices

Friday, 1 May 2026RSS
UAE exit from OPEC has no immediate impact on oil prices

The market does not foresee immediate effects on oil prices following the United Arab Emirates' exit from OPEC due to the blockade of the Strait of Hormuz, although it anticipates increased supply and lower prices in the long term. With the Strait of Hormuz blocked and in a context of tensions between the United States and Iran, ...

View full article on eco.sapo.pt

RSS source