Russia's Deputy PM Novak says UAE exit does not mean a price war, reiterates there are no plans to leave OPEC+, IFX reports

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.

Newsquawk StaffPublished 30 Apr 2026, 06:37 UTCOn the live feed at 06:17 UTC — 4 more headlines followed before this page went public

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06:30

Additional European Equity News

06:29

POLITICO, citing UK Officials, says May 8 looks set to be a moment of real danger for the PM; says a long-time critic promised to go public with a call for PM Starmer to step down if results are as bad as expected

06:17

Russia's Deputy PM Novak says UAE exit does not mean a price war, reiterates there are no plans to leave OPEC+, IFX reports

06:02

Unilever (ULVR LN) Q1 2026 Trading Statement: Underlying Sales +3.8% (exp. 3.7%); FY26 outlook unchanged with USG at lower end of 4-6% and modest margin improvement expected

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OPEC+ will continue working together.

Context

This signals that OPEC+ will maintain its collaborative production strategy, which may mitigate volatility in energy markets and support oil prices moving forward.

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