Oil slips as market digests UAE exit from OPEC, supply concerns linger ReutersLive updates: UAE to quit OPEC in blow to oil cartel as Iran war chokes energy sector CNNEuropean stocks to open lower as UAE OPEC exit complicates oil supply outlook CNBCUAE Says It Will Leave OPEC as Iran War Strains Oil Markets The New York Times
The group of oil-producing countries supplied more than 25 percent of the world's oil before the war in Iran. Its members have influenced energy markets through the years.