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OPEC CARTEL IMPACT
UAE’s OPEC exit could sting now, help India later as oil order shifts: ReportThe United Arab Emirates has exited OPEC, a move that could change global oil supply and prices. This decision breaks a long-standing produ...01 May, 2026, 11.43 AM IST- Oil shock will hit Asia harder than the 1970sAsia is experiencing energy shocks similar to the 1970s oil crises, with rising fossil fuel costs impacting consumers and industries. This ...30 Apr, 2026, 08.28 AM IST
- UAE's OPEC exit: With cartel cracked, oil spills over geopoliticsIn a dramatic turn of events, the United Arab Emirates has officially exited OPEC, signaling a significant transformation within the global...29 Apr, 2026, 09.31 PM IST
- Why are oil prices up now, and will Brent, US WTI crude rates continue to rise or drop again? Global markets react to Iran war, UAE exit from OPEC, and AI stock worriesWhy are oil prices up now, and will Brent, US WTI crude rates continue to rise or drop again? Oil prices climbed as the Iran conflict disru...29 Apr, 2026, 03.43 AM IST
- Why UAE left OPEC and what it means for global oil prices and supplyThe United Arab Emirates has exited OPEC and OPEC+. This move significantly weakens the oil cartel and its leader, Saudi Arabia. Analysts s...28 Apr, 2026, 08.20 PM IST
- UAE walks out of OPEC & OPEC+ in high-stakes break, redraws global oil power lines amid West Asia turmoil28 Apr, 2026, 07.35 PM IST
- India seeks reasonable, responsible oil pricing from OPECOPEC holds such dialogue with major consuming centres like the US, European Union, Russia and China. This was the first such institutional ...15 Dec, 2015, 04.00 PM IST
- OPEC agrees to maintain oil output ceiling: VenezuelaOPEC has agreed to hold its output ceiling at 30 million barrels of oil per day, Venezuelan Energy Minister Rafael Ramirez said on Friday a...31 May, 2013, 10.48 PM IST
- World oil prices rise on OPEC commentsOil prices climbed in reaction to OPEC comments that the cartel was prepared for "further measures" to shore up the market, analysts said.14 Jan, 2009, 09.39 PM IST
- OPEC's President invites Russia to cut output and join the oil cartelChakib Khelil, the President of Organisation of Oil Exporting Countries (OPEC) has expressed the hope that Russia would join the oil cartel...16 Dec, 2008, 01.14 PM IST
- OPEC set to meet regularly as world recession loomsOPEC could meet regularly over the coming months to announce further cuts in oil output as a worldwide recession weighs on energy demand an...25 Oct, 2008, 04.40 PM IST
- Oil prices climb as OPEC expected to cut outputOil prices rose two dollars on growing signs that OPEC will announce production cuts at a special meeting in Vienna this week in a bid to s...20 Oct, 2008, 09.01 PM IST
- OPEC meet in November, crude price slides below $80OPEC has scheduled a special meeting in November, as the cartel's crude oil price remained below $80 for the second day in a row.10 Oct, 2008, 07.40 PM IST
- Possible demand dip sparks fears at OpecThe president of Opec, Chakib Khelil, said on Tuesday that the oil cartel has concerns that future demand for oil might not be strong enoug...02 Jul, 2008, 02.09 AM IST
- OPEC to launch environment fund to reduce carbon emissionOrganisation of Petroleum Exporting Countries (OPEC) is likely to launch an environment fund to cut carbon emissions.17 Nov, 2007, 08.30 PM IST
- World's gas rich nations expected to form cartelThe world's largest natural gas producers are expected to announce the formation of a cartel at Doha, Qatar, next week but experts in the U...07 Apr, 2007, 09.55 AM IST
- Oil prices firmer in Asian trade on Opec supply cutOil prices rebounded above $60 in Asian trade on Monday after North Korea said it carried out a nuclear test and Opec's president reportedl...09 Oct, 2006, 11.30 AM IST
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