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UAE OPEC WITHDRAWAL
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...- New UAE oil pipeline bypassing Hormuz 50% complete ahead of 2027 startIran, which has attacked vessels to assert control over the Strait, has expanded its definition of the waterway to include the UAE's Gulf o...
- The Hormuz blockade: Why a fragile ceasefire may not lower global oil pricesBrent crude has surged to $125 per barrel due to escalating West Asia conflict and severe disruption at the Strait of Hormuz, a key global ...
- 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...
- Italian Defence Minister Crosetto’s bilateral visit strengthens the Indo-MediterraneanRising conflicts in the Indo-Mediterranean, especially after the October 7 attack on Israel and disruptions like the Strait of Hormuz closu...
- UAE exit from OPEC could be net positive for India: Sagar AdaniSagar Adani sees a UAE move away from OPEC as beneficial for India. He stressed energy's importance for economic strength. India needs to g...
- Oil prices extend gains as US-Iran war deadlock keeps supply off marketOil prices extended gains as concerns mount over prolonged supply disruptions from the Middle East due to the U.S.-Iran conflict. Talks to ...
- 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...
- UAE walks out of OPEC & OPEC+ in high-stakes break, redraws global oil power lines amid West Asia turmoil
- UAE says it is withdrawing its remaining forces in Yemen voluntarily in crisis with Saudi ArabiaUnited Arab Emirates forces are leaving Yemen. This follows a Saudi Arabia-backed airstrike on Mukalla port. The strike targeted a shipment...
- Saudi Arabia bombs Yemen port over weapons shipment from UAE, issues warning to Abu DhabiSaudi Arabia bombed Yemen's port city of Mukalla after a UAE weapons shipment arrived for separatist forces, warning of "extremely dangerou...
- Yemen separatists accuse Saudi Arabia of launching airstrikes against their forcesSeparatist forces in southern Yemen claim Saudi Arabia launched airstrikes against them. This follows the separatists' recent takeover of k...
- India has skin in the game in West Asia conflict. It needs to tough-talk with Iran and IsraelWest Asia conflict: India has a role to play here. It's time New Delhi steps out of its comfort zone. There is work to do to bring these di...
- G-7 price cap on Russian oil tested as India pays record premiumRefiners in India are paying a significant premium for Russian oil, highlighting the importance of the market to Moscow and raising concern...
- Sullivan to convene US-India-Saudi-UAE NSAs meet in Riyadh over weekendSullivan said on Thursday he will travel to Saudi Arabia this weekend for talks with Saudi leaders, as the United States seeks to bolster t...
- UAE relations with US facing 'stress test': Emirati diplomatYousef al-Otaiba, the Emirati ambassador to the US, was speaking days after the UAE abstained in a UN Security Council vote on a resolution...
- Vladimir Putin, Abu Dhabi leader vow 'energy market stability'The crown prince, known by his initials MBZ, stressed the need for a "peaceful solution ... in a way that guarantees the interests and nati...
- US or Russia? Ukraine crisis poses dilemma for wealthy GulfAs the world rushed to condemn the Russian invasion of its smaller neighbour, the wealthy Gulf Cooperation Council (GCC) countries, includi...
- Crude oil outlook turns bearish on US-Iran relief, surplus fearsCrude oil prices, however, may get some boost from phase one of US-China trade deal.
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