The UAE’s unexpected departure from OPEC+ has sent shockwaves through global energy markets, raising concerns about oil supply discipline and the alliance’s future. This move, described as a “chink in the armor,” adds significant uncertainty for importing nations like India, with crude prices expected to rise further amid ongoing geopolitical tensions.
Global Market Today: Asian stocks rise following chip rally, oil slips
Asian stocks climbed as investors favored semiconductor shares due to AI demand. Oil prices declined as energy supply disruption fears eased. South Korea’s Kospi index