Markets
Brent Crude Erases Wartime Gains as US-Iran Peace Unleashes Global Oil Glut
Oil prices are tumbling globally following a US-Iran peace deal, unleashing a wave of supply that has erased wartime gains and rekindled...
#opec 17 articles
World Business
Riyadh, Moscow Cement Oil Control; OPEC Influence Wanes
As Saudi Arabia and Russia deepen their energy cooperation, their combined influence over global oil supply grows, challenging traditional market dynamics amidst...
Markets
Crude Oil Plummets: Trump Confirms Iran Peace Deal, Halts Strikes
Crude oil prices plunged after President Trump announced a peace deal with Iran, recalling military strike orders. WTI crude fell to $87.22...
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,...
World Business
OPEC+ Adds Modest Output as Iran Blocks Hormuz Strait
Seven OPEC+ nations agreed to a modest 188,000 bpd production rise for June. The increase is symbolic, overshadowed by Iran's blockade of...
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...
World Business
UAE Quits Oil Cartel Effective May 1
The United Arab Emirates announced its departure from OPEC, effective May 1, citing a long-term strategic vision and increased domestic energy investment....