Analysts suggest that China may benefit from the UAE withdrawing from OPEC, expecting increased oil supply amidst global market strains. The UAE's departure is timed amid the ongoing oil crisis related to the US-Israeli conflict in Iran.

China may gain from the United Arab Emirates (UAE) withdrawing from the Organisation of Petroleum Exporting Countries (Opec), benefiting from additional supply as global oil markets face growing strain three months into the US-Israeli war in Iran, analysts said. The UAE – Opec’s third-largest producer, accounting for about 12 per cent of its total output – will formally leave the bloc on May 1. UAE Energy Minister Suhail Mohamed al-Mazrouei told CNBC that it was the “right time” to exit, adding....