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OIL CARTEL
US strike on vessel in Caribbean Sea kills 2, leaves 6 survivorsThe U.S. military conducted another strike on a suspected drug boat in the eastern Pacific, resulting in two deaths and six survivors. This...- 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...
- Maruti Suzuki to fuel India's ethanol shift with first flex-fuel car that's coming soonIndia's auto sector is set for a revolution with Maruti Suzuki launching the country's first mass-market flex-fuel passenger vehicle. This ...
- 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...
- Oil will be world's No. 1 energy source for decades: OPECOPEC says that more EVs on the road will indeed usher in an era of declining demand for oil in rich countries. But the energy needs of expa...
- OPEC sees pressures on oil prices easingMarket pressures that slashed the price of oil to below $50 per barrel appear to be easing, the OPEC oil cartel said Monday.
- OPEC's President invites Russia to cut output and join the oil cartelChakib Khelil, the President of Organisation of Oil Exporting Countries (OPEC) has expressed the hope that Russia would join the oil cartel...
- Likely gas cartel portends a bad omen for IndiaIt was early September 1960, close to half a century ago when the first seeds of an oil cartel was sown by five oil producing nations - Ira...
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