‘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…
uae quits opec opec+ may 1 impact on india oil imports uae opec oil prices
The United Arab Emirates will leave OPEC and OPEC+ – the world’s largest oil-producing blocs, which control roughly…
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…
Strait of Hormuz Constraints Keep Oil Prices Elevated
Oil prices remain close to $100 per barrel despite the U.S.-Iran ceasefire, which revived hopes that the worst…
IEA Chief: Current Energy Crisis Worse Than 1973, 1979, and 2022 Combined
The current energy crisis is worse than the oil and gas crises of 1973, 1979, and 2022 taken…
Saudi Arabia Sets Record Premium for Flagship Crude as Hormuz Crisis Deepens
Saudi Arabia has hiked the price of its flagship Arab Light crude loading for Asia in May to…
OPEC Commits to Boost Output Once Hormuz Reopens
OPEC on Sunday agreed to boost oil production by another 206,000 barrels daily, which will be theoretical only…
US Oil Drilling Continues to Flounder
By Julianne Geiger – Jan 30, 2026, 12:18 PM CST The total number of active drilling rigs for…
China soaks up the crude oil glut, but only if the price is right
LAUNCESTON, Australia, Jan 27 (Reuters) – Where exactly is the expected supply glut in the global crude market?…
Nigeria’s oil imports from the US surge to 42m barrels
Nigeria sharply increased its crude oil purchases from the United States in 2025, importing a total of 42.13…
Permian Basin Economy Slows Under the Shadow of Cheap Venezuelan Oil
The United States is rushing to sell off millions of barrels of Venezuelan oil after the Trump administration…
Oil Rises as Sanctions Hit Russian Exports and Lukoil Declares Force Majeure
Oil prices gained on Tuesday as fresh U.S. sanctions on Russian oil disrupted exports. OPEC+ Plays the Waiting…