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CNBC Daily Open: UAE leaves OPEC adrift
Markets grapple with the UAE's shock OPEC exit, while also contending with a host of earnings reports and a Fed decision later today.
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al-monitor.com
UAE’s OPEC exit rattles cartel as Gulf alliances shift
OPEC's fourth-largest producer will leave the cartel on May 1, marking the most significant departure in the group’s history as the war changes Abu Dhabi's relationship priorities.
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economist.com
The UAE’s departure from OPEC may not break the cartel
But it will deepen the country’s feud with Saudi Arabia
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cnbc.com
CNBC Daily Open: Oil takes another hit, but chips steal the spotlight
Just as oil prices are looking stable (albeit higher) due to a ceasefire, the market took another blow as the United Arab Emirates exited the OPEC.
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European stocks to open lower as UAE OPEC exit complicates oil supply outlook
European stocks are expected to open broadly lower on Wednesday as investors react to the latest upset for OPEC and renewed concerns over the AI sector.
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CNBC Daily Open: UAE leaves OPEC adrift
Markets grapple with the UAE's shock OPEC exit, while also contending with a host of earnings reports and a Fed decision later today.
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UAE exit shakes OPEC - But will it really change oil prices?
Amrita Sen, founder and director of market intelligence at Energy Aspects discusses UAE's decision to leave OPEC and how the justification seems intriguing given the oil supply…
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bbc.com
In five charts - How UAE's exit could affect Opec's influence over the oil price
The BBC takes a look in charts at what the UAE's departure could mean for the oil cartel and more widely.
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Shocking UAE exit rocks OPEC, but group will still hold significant sway over the oil market
UAE leaving OPEC will have huge ramifications.