Thursday, Oct 1, 2026

"global-oil-markets"

UAE to exit OPEC from May 1 amid rising tensions with Saudi Arabia

Saudi Arabia remains an OPEC heavyweight despite waning influence, as rivalry with the UAE deepens over economic interests and regional politics, particularly in the Red Sea region
Petrol, diesel prices remain static for 17 days in a row

OMCs benchmark retail fuel prices to a 15-day rolling average of global refined products' prices and dollar exchange rate.

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