UAE exit from OPEC could benefit India’s oil imports; Trump calls move ‘Great’

The UAE’s exit from OPEC is being closely watched in India, which depends on imports for nearly 90% of its crude oil needs. Officials say the move could benefit India by enabling higher oil supplies from the UAE outside production quotas, potentially opening space for long-term contracts and price negotiations. Given the UAE’s proximity to India, analysts also point to lower freight costs compared to distant suppliers, which could help ease India’s overall import bill.