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UAE QUITS OPEC
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...30 Apr, 2026, 08.29 PM IST- Why stock market rose today? Sensex rises over 600 points, Nifty ends above 24,150. 3 key factors behind the rallyIndian stock markets surged on Wednesday, with Sensex and Nifty 50 gaining significantly. This optimism was fueled by reports of Iran submi...29 Apr, 2026, 03.55 PM IST
- Brent hits one-month high over concerns about prolonged Hormuz disruptionOil 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...29 Apr, 2026, 02.31 PM IST
- 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...29 Apr, 2026, 10.21 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
- An EV revolution is happening in the heart of OPECWith low running costs and government support, EVs are becoming increasingly attractive, indicating a broader trend of gasoline displacemen...20 Jun, 2025, 10.15 AM IST
- Saudi Arabia, UAE seen as possible venues for Trump-Putin summit, two Russian sources sayRussia is considering Saudi Arabia and the United Arab Emirates as possible venues for a summit between U.S. President Trump and Russian Pr...03 Feb, 2025, 03.52 PM IST
- Observers see OPEC 'panicking' as COP28 climate talks focus on possible fossil fuel phase-outCOP28 Director General Majid al-Suwaidi downplayed the OPEC letter, saying the UAE team running the climate conference has been meeting wit...09 Dec, 2023, 07.06 PM IST
- Investments to determine fuel prices at the pump: UAE Energy MinisterThe UAE's energy minister, Suhail al-Mazrouei, stated that fuel prices for consumers will depend on continued investment in fossil fuels. H...02 Oct, 2023, 06.46 PM IST
- Big Oil, heavy industry discuss emission curbs ahead of COP28CEOs from major oil and gas companies met with heavy industry bosses in the UAE to discuss commitments to reduce carbon emissions ahead of ...01 Oct, 2023, 08.01 PM IST
- Oil prices rise over 2% as US inventories decline"The market is coming to grips with the historic drop in US oil inventories, and dimmed prospects of Iranian oil returning to the market," ...10 Jul, 2021, 10.11 AM IST
- OPEC+ crisis deepens as Saudi Arabia refuses to budgeRiyadh insisted on its plan, backed by other OPEC+ members including Russia, that the group should increase production over the next few mo...05 Jul, 2021, 07.42 AM IST
- Could OPEC's house of cards collapse?Tensions are emerging over what to do about output targets, which are set to be eased from the beginning of next year.22 Nov, 2020, 03.46 PM IST
- Opec needs to keep up supply at a price which is a bit lower than at present: Jonathan BarrattOld patterns will help alleviate any cost pressures to the top side, says Barratt.30 Apr, 2019, 04.06 PM IST
- Saudi Arabia to cut oil exports amid signs of new surplusOPEC and allied suppliers are under mounting pressure to consider renewed cuts after a slump in oil prices.12 Nov, 2018, 09.24 AM IST
- For overseas oil & gas assets, India may form joint venture with UAE, KuwaitIndia is in talks with the oil rich United Arab Emirates and Kuwait to explore the possibility of setting up separate joint ventures.17 Jun, 2015, 05.51 AM IST
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