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Tag: global oil prices

UAE Exits OPEC and OPEC+: Major Blow to Global Oil Cartel Amid Crisis

The United Arab Emirates (UAE) has announced its departure from OPEC and the broader OPEC+ alliance, effective May 1, 2026. This historic move ends...

How U.S. Sanctions on Russian Oil Could Add $9–11 Billion to India’s Import Bill

With the United States increasing its pressure on countries importing Russian oil, India faces a significant financial threat. Analysts project that if U.S. sanctions...

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