Russia's Deputy PM Novak says UAE exit does not mean a price war, reiterates there are no plans to leave OPEC+, IFX reports
- OPEC+ will continue working together.
Context
Russia's Deputy PM Novak's remarks suggest a stabilizing influence from OPEC+, indicating that the UAE's exit is not an indication of looming price war dynamics. This signals that OPEC+ will maintain its collaborative production strategy, which may mitigate volatility in energy markets and support oil prices moving forward.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#OPEC#IMPORTANT#EU SESSION#ENERGY & POWER