Opec
Why the United Arab Emirates walked away from Opec
The economic logic of the decision is just as important as the political one
Oil pares gains after US says two vessels crossed Strait of Hormuz
[LONDON] Oil prices pared earlier gains on Monday after the US military said two US Navy guided-missile destroyers had entered the Gulf to break an Iranian blockade and that two US ships had transited...
Opec+ agrees on symbolic quota hike as UAE touts oil investment
But the actual increase depends on the Strait of Hormuz reopening and shuttered production being restored
Oil prices rise with no sign of an end to Iran war
Trump was scheduled to receive a briefing on Apr 30 on plans for a series of fresh military strikes on Iran
UAE’s Opec exit: Shockwaves will be felt beyond oil prices
Cartel crack-up reflects growing friction and regional rivalry between the Saudis and the Emiratis
Opec+ likely to agree another oil output hike without UAE: sources
The increase is similar to last month’s hike of 206,000 bpd
Oil rises on reports US will extend Iran blockade, prolonging Middle East supply disruptions
Global energy prices could rise 24 per cent in 2026 to their highest level since Russia’s invasion of Ukraine
What is Opec+ and how does it affect oil prices?
The UAE is the fourth producer to leave the group in recent years, and by far the biggest
UAE exit blindsides Opec and threatens to shake its grip on oil
The departure of one of the group’s most influential members will still raise wider questions
Oil prices trim gains after UAE exits Opec, Opec+
UAE’s exit dealt a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia
