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CARTEL OPEC
As OPEC+ meets, Iran war hobbles power to shape oil marketOPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz...- 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+ 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...
- Why are oil prices down today while gas rates are witnessing a rise? Oil and natural gas markets move in opposite directions. Here's Brent, US WTI crude, Waha Hub pricesWhy 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’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...
- 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...
- 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 ...
- 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...
- 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...
- 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
- OPEC+ hikes oil production quotas, issues warningOPEC+ will boost oil production by 206,000 barrels daily from May. The cartel warns that repairing damaged energy facilities from conflicts...
- Stop charging premium from Asian buyers: India to OPECDharmendra Pradhan said OPEC should work towards "responsible price", which would allow major consuming countries to provide energy to the ...
- Oil prices firm on eve of OPEC meetingWorld oil prices firmed on Tuesday on the eve of a crucial OPEC meeting in Algeria that could see the crude producers' cartel slash output ...
- Russia does not rule out joining OPEC: MedvedevRussia is ready to join forces with OPEC to stem the plunge in crude prices and could even become part of the oil cartel if membership were...
- Russia to work with OPECFalling crude prices and the resultant slide in income from oil sales is forcing Russia to redefine its ties with oil exporters' cartel OPE...
- 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...
- OPEC to sit tight amid US recession fearsOil cartel OPEC, which this week maintained its production target amid uncertainty over the US economy, could well sit tight again when it ...
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