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Deep Tide TechFlow News, April 28, the United Arab Emirates announced it will withdraw from OPEC and OPEC+ starting May 1. Nordic Bank analyst Jan von Gerich pointed out that the UAE wants to produce more oil, so this should be bearish for oil prices. He also said that when the Iran conflict ends, OPEC will no longer be able to control oil prices like in the past. Abu Dhabi Commercial Bank chief economist Monica Malik stated that this opens the door for the UAE to gain global market share after geopolitical tensions normalize. She said this move should be positive for consumers and the broader global economy. (Jin10)