The United Arab Emirates has announced on Tuesday that it will leave OPEC (Organization of the Petroleum Exporting Countries) and its wider OPEC+ alliances effective from May 1, 2026. And this ...

The United Arab Emirates, a 59-year stalwart of OPEC and a key member of the 10-year-old OPEC-Plus, has raised big questions by walking away from both organizations. Odessa oilman Kirk Edwards and ...

The decision on Sunday by the cartel of oil-producing nations and some of its allies came after the resumption of U.S. and Iranian military strikes in the Persian Gulf. By Lisa Friedman Reporting from ...

LONDON, Feb 11 (Reuters) - OPEC on Wednesday forecast world oil demand from the OPEC+ group will drop by 400,000 barrels per day in the second quarter, and published data indicating a small surplus in ...

UAE leaving OPEC will have huge ramifications. One year from today, I believe UAE oil production will be over 4 million barrels per day (mbd). But OPEC will still hold significant sway over markets.

The United Arab Emirates’ departure from OPEC marks a significant moment for the producer group but is unlikely to fundamentally change energy market dynamics in the near term, according to Helima ...

Oil is once again making headlines. This week, the United Arab Emirates (UAE) made the shock decision to leave the Organisation of the Petroleum Exporting Countries (OPEC). OPEC is network of ...