The 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...

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...

Brent crude oil price surges: The brent crude oil price is not just rising. It is accelerating with a kind of urgency markets rarely show u...

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

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

As India faces the ripple effects of the UAE's departure from OPEC, it is imperative to prioritize energy resilience. While this shift may ...

UAE's exit from OPEC+ coordination has little short-term oil impact. Geopolitical issues dominate. Markets have rallied, but easy gains are...

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...

As the world rushed to condemn the Russian invasion of its smaller neighbour, the wealthy Gulf Cooperation Council (GCC) countries, includi...

The immediate consequence is that an expected increase in output in August now likely won’t happen, leaving the world short of barrels as t...

The Gulf producer backs an output increase from August as the market "is in dire need of higher production," WAM said, citing an energy min...

The standoff could delay plans to pump more oil through to the end of the year to cool oil prices that have soared to 2-1/2 year highs.

Brent crude futures rose 33 cents to settle at $76.17 a barrel, after rising 1.6% on Thursday.

Last month, Saudi Arabia shipped 80 tonnes of liquid oxygen to India and now three more containers with 60 tonnes of oxygen and another 100...

Brent crude oil futures were down by 27 cents, or 0.6 per cent, at $47.15 a barrel by 0131 GMT, while West Texas Intermediate crude was dow...

Opec would find it “difficult, if not impossible” to give up part of its share in global oil markets by cutting output, he said on December...