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Bureau: Delhi
Abu Dhabi's exit from OPEC took effect at midnight May 1, and Sunday's eight-country ministerial is the cartel's first chance to answer a fracture it spent a week calling unimportant.
Brent settled at $108.10 Friday, off Thursday's $114.66 spike, but the curve says the war ends in months — not weeks — and U.S. retail gas held $4.39.
Sharif's government priced petrol for IMF compliance four days before a review the IMF has not actually scheduled in public — the binding clock is the fuel bill, not the audit.
Aramco prints Q1 May 10, calls May 11 — eight days for Riyadh to choose between defending the war premium and answering the UAE OPEC exit on the same tape.
April capital flight ran another billion higher and the rupee held weak — the slow channel of the war premium keeps widening.