Hormuz Tanker Traffic Slows to a Trickle
Tanker traffic via the Strait of Hormuz slowed further over the weekend, maintaining upward pressure on oil prices.…
IEA Forecasts a $3.4 Trillion Energy Investment Boom
Global energy investment is set to jump to $3.4 trillion this year, the International Energy Agency said today, noting…
Oil Prices Rise as Traders Grow Skeptical of U.S.-Iran Deal
Oil prices climbed in early Asian trade on Friday as skepticism grew that U.S.-Iran negotiations would produce a…
UAE Withdraws From OAPEC | OilPrice.com
The United Arab Emirates (UAE) has officially withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), following…
UAE Quits OPEC and OPEC+ as Hormuz Crisis Drags On
The United Arab Emirates is leaving OPEC and OPEC+, effective May 1, the country’s state news agency WAM…