Russia Dismisses Price War Fears Following UAE Departure From OPEC - Crude Oil Prices Today

In the Gulf on 30 April 2026, the United Arab Emirates prepared to leave OPEC. Russia said OPEC+ will continue after the UAE's exit and that no price war is expected, adding that the exit would not trigger an imminent one. Algeria backed OPEC and OPEC+ as the UAE prepared to go. JP Morgan said the UAE could attract more US investment after leaving OPEC.