OPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikel...

OPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz...

OPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its...

Indian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela, Brazil, Angola,...

Iran, which has attacked vessels to assert control over the Strait, has expanded its definition of the waterway to include the UAE's Gulf o...

Seven OPEC+ nations are meeting to set oil production quotas -- the first decision since the UAE left the cartel. The war in the Middle Eas...

The UAE has exited OPEC and OPEC+, ending decades of Saudi economic influence. Analysts call it a "political rebellion" prioritizing market...

Why are oil prices down today while gas rates are witnessing a rise? Oil prices fell after Iran proposed new talks with the United States t...

UAE 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...

United Arab Emirates has announced it will exit OPEC and OPEC+ effective May 1, delivering a fresh shock to an already strained global ener...

Oil prices extended gains as concerns mount over prolonged supply disruptions from the Middle East due to the U.S.-Iran conflict. Talks to ...

In a dramatic turn of events, the United Arab Emirates has officially exited OPEC, signaling a significant transformation within the global...

Oil prices rose nearly 3% on Wednesday, with the Brent contract hitting a one-month high, on media reports the U.S. will extend its blockad...

UAE’s planned exit from OPEC is unlikely to disrupt global oil markets despite its sizable output, say industry executives, though it may d...

The United Arab Emirates has exited OPEC and OPEC+. This move significantly weakens the oil cartel and its leader, Saudi Arabia. Analysts s...

Why 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...