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UAE exits OPEC, opening oil opportunity for India

The Indian ExpressRead the original20 May 2026

UAE exits OPEC, opening oil opportunity for India. The move could lead to increased oil supply flexibility for India as it looks to fill its strategic petroleum reserves. With OPEC dynamics shifting, India may secure favorable crude deals outside cartel constraints. Prices could see volatility if supply increases.
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#OPEC#crude oil#strategic reserves
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