More: OPEC
OPEC After the UAE Exit: The End of Oil Unity
The withdrawal of the United Arab Emirates to abandon OPEC is far more than just a change in policy, but represents a change in...
Why the UAE Left OPEC in 2026: Strategy, Politics, and Global Impact
There is a particular kind of institutional exit that is not really about the institution at all. The resignation letter is the last formality...
UAE exit from OPEC raises stakes for trade ties with Saudi Arabia
The decision by OPEC member United Arab Emirates to withdraw signals a shift in Gulf energy politics and challenges the influence of the oil...
The UAE Just Walked Out of OPEC and the Cartel May Never Recover
Fifty-nine years of membership, ended with a statement on a Tuesday and an effective date of Friday. The United Arab Emirates announced it will...
UAE Breaks from OPEC and OPEC+ in Major Policy Shift
The United Arab Emirates announced on Tuesday that it is leaving OPEC and OPEC+, which poses a significant challenge for these oil-exporting groups and...
America Replaces OPEC as Global Oil Shock Absorber
The ongoing Iran war has reshaped global energy dynamics, shifting influence away from OPEC toward the United States. Traditionally, OPEC and key producers like...
OPEC+ Maintains Oil Output, Defying Internal Discord
OPEC+ decided to keep oil production steady during its recent meeting, despite political issues between Saudi Arabia and the UAE, and the U. S....
Trump Unlikely to Target Venezuela’s OPEC Membership Amid Pressure Campaign
The U.S. has been increasing pressure on Venezuelan President Nicolas Maduro to step down, including building up a military presence in the Caribbean and...
OPEC+ Unveils New Capacity Rules in Bid to Calm Global Oil Markets
Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday that the new OPEC+ mechanism for assessing members’ maximum production capacity will help stabilise...
Iraq in Talks to Revise OPEC Oil Output Quota
Iraq, OPEC’s second-largest producer, is seeking to renegotiate its production quota to better reflect its full output capacity of 5.5 million barrels per day...