Article #14004
South China Morning Post - World News
| Title | Why China may benefit from the UAE’s Opec withdrawal amid Iran war oil crisis | Source | South China Morning Post - World News |
| Description | China may gain from the United Arab Emirates (UAE) withdrawing from the Organisation of Petroleum Exporting Countries (Opec), benefiting from additional supply as global oil markets face growing strain three months into the US-Israeli war in Iran, analysts said. The UAE – Opec’s third-largest producer, accounting for about 12 per cent of its total output – will formally leave the bloc on May 1. UAE Energy Minister Suhail Mohamed al-Mazrouei told CNBC that it was the “right time” to exit, adding... | ||
| Link | https://www.scmp.com/economy/global-economy/article/3351849/why-china-may-benefit-uaes-opec-withdrawal-amid-iran-war-oil-crisis?utm_source=rss_feed | Published At | 2026-04-29 09:00:08 (1 month ago) |
| Created At | 2026-04-29 09:02:15 | Updated At | 2026-04-29 09:02:15 |