OPEC+
OPEC plus other oil-producing countries
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business Apr 29, 2026, 6:37 PM
UAE leaves OPEC, signaling a shift in global oil dynamics - The UAE has announced its plans to leave OPEC, effective May 1, 2026.
- The decision reflects a divergence in policies between the UAE and Saudi Arabia, driven by frustrations over regional security responses.
- Analysts suggest that this move could mark the start of a decline in OPEC's influence over the global oil market.
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politics Apr 28, 2026, 2:00 AM
UAE quits OPEC amid rising tensions in the Middle East - The UAE will leave OPEC and OPEC+ on May 1, 2026, as a response to increasing regional tensions.
- This exit is expected to strengthen UAE's position in the oil market by allowing greater production freedom.
- Experts warn that the UAE's departure is a serious blow to OPEC, potentially leading to further instability within the organization.
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business Apr 5, 2026, 6:59 PM
OPEC adjusts oil production to stabilize global markets - OPEC member countries agreed to adjust oil production by 206,000 barrels per day.
- The adjustments aim to stabilize energy markets amid rising gas prices and geopolitical tensions.
- OPEC will conduct monthly meetings to monitor market conditions and compliance.
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2026 All rights reserved
2026 All rights reserved