More: OPEC
OPEC+’s Upcoming August Meeting: Fuel Considerations due to Hormuz Volatility
The first attacks on the Strait of Hormuz had world leaders concerned about effects on global energy supply. 20% of the world's energy passes...
The Increasing Influence of Gulf Sovereign Wealth Funds
Gulf sovereign wealth funds (SWFs) have hit a record high of $53.9 billion investments throughout 2026 so far. The countries own trillions of dollars...
US-Iran War Losses Still Trail the 1979 Oil Shock in Total Economic Impact
The ongoing war in Iran has caused the largest oil supply shock in history, resulting in daily production losses that are unprecedented. However, the...
The Evolution of OPEC: From Oil Cartel to Crisis Manager
Origins of OPEC and the Oil Shocks
OPEC was initially formed in 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela to protect the national...
Could Iraq Quit OPEC if Production Quota Dispute Escalates?
Iraq is considering all available options, including a potential exit from OPEC, if the producer group does not significantly increase its oil production quota,...
Could Hormuz Reopening Trigger an OPEC Crisis?
The Strait of Hormuz has long been the most important chokepoint in global energy markets, carrying nearly one fifth of the world's oil and...
UAE’s OPEC Exit: Implications and Opportunities for India’s Oil Diplomacy
Authors: Edberg D. Cheeran and Agnes Mary Jaison*
The United Arab Emirates (UAE) has been operating for more than six decades in the Organization of...
Nigeria’s Oil Sector Under Pressure After Abu Dhabi’s OPEC Exit
After 60 years as a member of the Organization of the Petroleum Exporting Countries (OPEC), the United Arab Emirates (UAE) has decided to officially...
UAE Left OPEC to Boost Oil Production as ‘End of Oil Era’ Nears
The UAE's departure from OPEC, which took effect on May 1, was planned over three years and is based on the belief that the...
Why OPEC’s Foundational Conditions No Longer Hold for the UAE
The institutions that govern producer cartels rest on a set of conditions that are usually invisible because they hold uniformly across the membership. When...