Riyadh, April 30 -- Chief Economist and Head of Economic Research at the Gulf Research Centre, John Sfakianakis, on Thursday said that the United Arab Emirates' recent exit from the Organisation of the Petroleum Exporting Countries (OPEC) and OPEC+ could give Asian buyers some bargaining leverage, though he cautioned that rising demand may limit the extent of such gains.

Speaking to ANI on the implications of the UAE's exit from the grouping on Asian countries, Sfakianakis said that structural demand growth would continue to constrain pricing advantages for buyers.

The economist further stated that while supply-side changes may increase availability, they are unlikely to significantly shift market dynamics in favour of Asian importers i...