European stocks to open lower as UAE OPEC exit complicates oil supply outlook
By Holly Ellyatt
Published on April 29, 2026.
European stocks are expected to open lower on Wednesday following the United Arab Emirates' withdrawal from the OPEC oil cartel. This decision complicates the outlook for oil supply. Despite calls from the U.S. for OPEC+ to increase production, global oil flows remain severely constrained.
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