Oil Prices Rise as U.S.-Iran Peace Hopes Fade
Crude oil prices ticked higher today as hopes for a peace deal between the United States and Iran…
UAE’s Shock Exit Leaves OPEC Weakened and the Global Oil Order Rewritten
Before 1 May, the once-mighty Organization of the Petroleum Exporting Countries (OPEC) had 12 members, but with the…
UAE Withdraws From OAPEC | OilPrice.com
The United Arab Emirates (UAE) has officially withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), following…
$125 Oil Could Tip Global Economy Into Recession
Elevated oil prices for a sustained period of time would tip the global economy into a recession, Moody’s…
UAE Break With OPEC Puts African Crude Exports At Risk
A couple of days ago, the United Arab Emirates announced that it will formally leave OPEC on May…
‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC
The decision was shocking. But the announcement April 28 that the UAE was leaving OPEC caps years of…
The UAE has quit OPEC. What does it mean for the future of oil? – National
The United Arab Emirates is leaving OPEC and OPEC+, the world’s most powerful blocs of oil-exporting countries, six…
United Arab Emirates says it will exit OPEC, while US-Iran negotiations stall
Israeli forces hit an army patrol that was accompanying Civil Defense medical teams and bulldozers during a rescue…
United Arab Emirates will leave OPEC in a blow to the oil cartel
DUBAI, United Arab Emirates (AP) — The United Arab Emirates said Tuesday it will leave OPEC effective May…
Oil Spikes Above $110 on Iran War Escalation and UAE OPEC Shock Exit
Brent surges above $110 as fears grow that the U.S.-Iran war could drag into a prolonged conflict, while…
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…
IEA: Strait of Hormuz Has Lost Its Status as Reliable Energy Route
The Middle East war and the crisis at the Strait of Hormuz could redraw the global energy map…