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UAE OPEC NEWS
Oil well the damage control machineryAs India grapples with escalating fuel and plastic costs, the situation is further exacerbated by supply disruptions in West Asia, jeopardi...- Oil prices settle higher on slow progress in US-Iran peace talksOil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated...
- Top-level rejig hits mid-cap ITs; Fintechs wary of RBI wallet rulesHappy Thursday! Mid-sized IT firms are realigning leadership teams as AI-driven changes force a rethink. This and more in today's ETtech Mo...
- Why UAE stepped away from OPEC amid Iran war and soaring crude oil pricesUnited Arab Emirates has announced it will exit OPEC and OPEC+ effective May 1, delivering a fresh shock to an already strained global ener...
- Why oil and gas prices are rising today, April 29: Brent crude surges past $114 — here’s what rising oil prices mean for gas prices, inflation, and the Fed rate decision todayWhy US oil and gas prices are rising today, April 29: Brent crude has crossed $114 per barrel, while WTI trades above $103. At the center o...
- 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's Fujairah resumes oil loadings after attack, sources sayOil loading at Fujairah, a key UAE hub, has restarted following a drone attack and fire. This disruption could impact OPEC's third-largest ...
- Oil prices to play crucial role in US-Israel-Iran war? How are Saudi Arabia, UAE, Russia planning to hit back?Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman were already scheduled to meet on Sunday
- OPEC+ weighs bigger output hike after Iran strike, sources sayOPEC+ might boost oil production more than planned on Sunday. Saudi Arabia and the UAE have already increased exports. This comes as concer...
- 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...
- Oil climbs as major producer UAE says it has no spare capacityUAE Energy Minister Suhail al-Mazrouei said on Monday UAE was producing near maximum capacity based on its quota of 3.168 million barrels p...
- 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...
- Saudi Arabia, UAE reach compromise over oil output deal, says sourceThe UAE's baseline, the level from which cuts under the OPEC+ agreement on supply curbs are calculated, will be 3.65 million barrels per da...
- Behind the Clash at OPEC: Growing competition in the GulfUAE and Saudi Arabia are trying to position themselves for changes in energy production and other areas of their economies in the coming ye...
- Oil row flares as UAE rejects 'unjust' OPEC+ output dealThe UAE's push to increase its production baseline is reported to have derailed last week's meeting of the alliance of oil-producing countr...
- UAE proposes postponing decision to extend OPEC+ pact, WAM saysThe Gulf producer backs an output increase from August as the market "is in dire need of higher production," WAM said, citing an energy min...
- 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.
- Oil supply sufficient, price had risen too high: UAEOil markets remain well-supplied and the recent decline in oil prices shows that prices had risen "too high and too fast", United Arab Emir...
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