EnergyHigh impactPre-market

UAE's exit from Opec raises risk of oil price war

1 May 2026 · 07:11 ISTpre-market1 source ↓written by the desknot a recommendation

per barrel: ₹9,500

The United Arab Emirates has exited Opec after 60 years, potentially destabilizing the oil alliance. Global oil prices surged above ₹9,500 per barrel, the highest in four years. This exit raises concerns of a price war in the international oil markets, leading to increased volatility for traders. ⚡

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 1 May 2026, 07:11 IST.

Sourcesnews.google.com

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UAE's exit from Opec raises risk of oil price war

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