Finance
Oil Pares Gains as UAE Decides to Exit OPEC
Oil eased from intraday highs after the United Arab Emirates announced a historic decision to exit OPEC, nine weeks into the US–Israel war on Iran that has reshaped global oil flows and cut off millions of barrels per day of Middle Eastern supply from the market.
B
Bloomberg
April 27, 2026·1 min read
Image: Bloomberg
Oil eased from intraday highs after the United Arab Emirates announced a historic decision to exit OPEC, nine weeks into the US–Israel war on Iran that has reshaped global oil flows and cut off millions of barrels per day of Middle Eastern supply from the market.
Original article
Oil Pares Gains as UAE Decides to Exit OPEC
Published by Bloomberg