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WHY UAE LEFT OPEC
OPEC+ set for fourth oil quota hike since Hormuz closure, sources sayOPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its...- 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...
- OPEC+ leaders expected to up July oil output target despite Hormuz disruption, sources saySeven key OPEC+ oil nations are poised to increase July output by approximately 188,000 barrels per day. This decision comes as the group m...
- 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 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...
- Will brent crude oil price hit $150 as WTI crude surges? Is US-Iran tension or UAE’s OPEC exit driving the global oil price spike? Oil futures and gas prices surge explainedBrent 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...
- 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...
- 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...
- Impact of UAE exit from OPEC on India still uncertain, country should focus on energy resilience, says Sagar AdaniAs 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 OPEC+ exit signals structural fractures, but near-term oil impact limited: Matt OrtonUAE's exit from OPEC+ coordination has little short-term oil impact. Geopolitical issues dominate. Markets have rallied, but easy gains are...
- UAE's OPEC exit may not hit oil markets, say executivesUAE’s planned exit from OPEC is unlikely to disrupt global oil markets despite its sizable output, say industry executives, though it may d...
- 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...
- US or Russia? Ukraine crisis poses dilemma for wealthy GulfAs the world rushed to condemn the Russian invasion of its smaller neighbour, the wealthy Gulf Cooperation Council (GCC) countries, includi...
- Oil market in limbo as OPEC+ talks fail. How top 5 brokerages see things playing outThe immediate consequence is that an expected increase in output in August now likely won’t happen, leaving the world short of barrels as t...
- 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...
- OPEC+ to resume oil policy talks on Monday after UAE roadblockThe 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.
- Crude oil steady, traders on sidelines as OPEC+ talks drag onBrent crude futures rose 33 cents to settle at $76.17 a barrel, after rising 1.6% on Thursday.
- Saudi Arabia to supply more oxygen, containers to IndiaLast month, Saudi Arabia shipped 80 tonnes of liquid oxygen to India and now three more containers with 60 tonnes of oxygen and another 100...
- Oil prices drop on US stock build, delay in OPEC+ meetingBrent 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...
- Markets may take years to absorb oil glut, says UAE energy minister Suhail Al MazroueiOpec 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...
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