UAE quits OPEC but the real shock may be downstream for oil prices and India supply

OPEC exit could soften prices later

The UAE has exited OPEC, disrupting a long-standing production alignment that typically steadies global oil markets. While the immediate effect may be muted, the UAE’s increased production capacity could ease prices over time. The move may also trigger reconsideration by other producer states about their OPEC membership, with implications for buyers including India.