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

Why 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? Oil prices climbed as the Iran conflict disru...

The United Arab Emirates has exited OPEC and OPEC+. This move significantly weakens the oil cartel and its leader, Saudi Arabia. Analysts s...

Why 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...

Oil loading at Fujairah, a key UAE hub, has restarted following a drone attack and fire. This disruption could impact OPEC's third-largest ...

Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman were already scheduled to meet on Sunday

OPEC+ might boost oil production more than planned on Sunday. Saudi Arabia and the UAE have already increased exports. This comes as concer...

United Arab Emirates forces are leaving Yemen. This follows a Saudi Arabia-backed airstrike on Mukalla port. The strike targeted a shipment...

UAE Energy Minister Suhail al-Mazrouei said on Monday UAE was producing near maximum capacity based on its quota of 3.168 million barrels p...

The crown prince, known by his initials MBZ, stressed the need for a "peaceful solution ... in a way that guarantees the interests and nati...

The 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...

UAE and Saudi Arabia are trying to position themselves for changes in energy production and other areas of their economies in the coming ye...

The UAE's push to increase its production baseline is reported to have derailed last week's meeting of the alliance of oil-producing countr...

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...

Tensions are emerging over what to do about output targets, which are set to be eased from the beginning of next year.

Oil markets remain well-supplied and the recent decline in oil prices shows that prices had risen "too high and too fast", United Arab Emir...