World Business
UAE Quits OPEC, Citing National Interest
The United Arab Emirates will exit OPEC and OPEC+ on May 1, a move it says is to focus on national interest,...
#oil market 6 articles
Stocks
Hormuz Closure Threatens Brent at $150 by Summer, Morgan Stanley Warns
Morgan Stanley strategists warn that a prolonged Strait of Hormuz closure into June could push Brent crude prices to $150 per barrel...
Markets
Chevron CEO Warns Physical Oil Shortages Are Starting: CVX Stock Implications
Chevron CEO Mike Wirth warns that physical oil shortages are beginning due to the Strait of Hormuz closure, impacting global economies and...
World Business
UAE Exits OPEC: What it Means for Oil Markets
The United Arab Emirates is leaving OPEC after six decades, a move that could significantly impact global oil production and prices. The...
World Business
UAE’s Opec Exit: A Seismic Shift Beyond Current Blockades
The UAE's departure from Opec, a group it helped found, signals a strategic pivot. While immediate oil market impacts are minimal, the...
Investing
Physical Oil Barrels Command Record Premiums in Global Scramble
Despite optimism over a fragile Iranian ceasefire, the physical oil market is gripped by a panicked race for immediate supplies, driving premiums...