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UAE’s OPEC exit may ease crude pressure for India over time
short by / on Wednesday, 29 April, 2026
The UAE’s planned exit from OPEC and OPEC+ gives it freedom to raise crude output beyond cartel quotas as it targets nearly 5 million barrels per day capacity. Higher independent supply could gradually soften global oil prices. For India, which imports 85-90% of crude needs, this may reduce import bills, inflation pressure and fuel-linked sector costs.