Searched for
OPEC DEPARTURE
Russia's oil major says US companies benefit from the closure of the Strait of HormuzRosneft CEO Igor Sechin stated that American energy companies are benefiting most from the closure of the Strait of Hormuz. He believes the...- OPEC+ leaders expected to up July oil output target despite Hormuz disruption, sources saySeven key OPEC+ oil nations are poised to increase July output by approximately 188,000 barrels per day. This decision comes as the group m...
- Oil Price Today (May 4): Crude oil dips below $110, falls for second session. What’s behind the decline?Oil prices saw a slight dip on Monday. This comes as markets consider U.S. President Donald Trump's initiative to free ships stuck in the S...
- UAE oil giant ADNOC pledges $55 billion in new projects by 2028: statementThe Abu Dhabi National Oil Company on Sunday pledged to spend $55 billion on new projects over the next two years, just days after the Unit...
- OPEC+ set to approve third supply increase since Hormuz disruption, sources sayOPEC+ plans a small oil output increase. This boost will be symbolic as the U.S.-Iran conflict blocks vital Gulf oil routes. The Strait of ...
- OPEC+ to make first post-UAE production decisionSeven OPEC+ nations are meeting to set oil production quotas -- the first decision since the UAE left the cartel. The war in the Middle Eas...
- "Geopolitical Earthquake": UAE quits OPEC to defy Saudi energy dominance, says analysisThe UAE has exited OPEC and OPEC+, ending decades of Saudi economic influence. Analysts call it a "political rebellion" prioritizing market...
- OPEC just lost one of its biggest players — here's the inside story of the UAE's exit and what the Saudi-UAE split really means for OPEC's market powerUAE Quits OPEC: How the World's Energy Map Just Shifted Permanently. The UAE's departure from the Saudi Arabia-led cartel is being called t...
- Why UAE stepped away from OPEC amid Iran war and soaring crude oil pricesUnited Arab Emirates has announced it will exit OPEC and OPEC+ effective May 1, delivering a fresh shock to an already strained global ener...
- 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...
- AI battle heats up, OPEC fractures: Arnab Das on the two biggest market stories right nowGlobal markets face two major shifts: intense AI competition sees Anthropic challenging OpenAI's dominance, raising questions about AI's mo...
- UAE's OPEC exit may not hit oil markets, say executivesUAE’s planned exit from OPEC is unlikely to disrupt global oil markets despite its sizable output, say industry executives, though it may d...
- Oil Price Today (April 29): Crude oil crosses $110, extends gain for 8th straight session. Here’s whyOil prices continued their rally for an eighth consecutive day, driven by reports of a potential extended U.S. blockade of Iranian ports. T...
- 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...
- Why is the UAE, OPEC’s third-largest oil producer, leaving OPEC? Will Iraq or Kuwait leave next, and what it means for oil prices and the cartel’s futureWhy is UAE leaving OPEC, will Iraq or Kuwait leave next? Nearly 3.5 million barrels per day are now at stake. The Organization of the Petro...
- UAE walks out of OPEC & OPEC+ in high-stakes break, redraws global oil power lines amid West Asia turmoil
- Oil prices climb 1% on fears of tighter supplyOil prices jumped on Monday as geopolitical tensions in Eastern Europe and the Middle East heightened concerns about an already tight suppl...
- Qatar announces Opec exit days before pivotal oil cuts meetingQatar is Opec’s 11th-biggest oil producer, accounting for less than 2% of total output.
- Don't mention the oil price: US legal threat prompts change at OpecUS President Donald Trump has been a vocal critic of the Opec.
- OPEC production cut boosts oil pricesWorld oil prices rebounded Wednesday above 100 dollars a barrel after a surprise decision by the OPEC cartel to cut production by 520,000 b...
Load More
