Business ❯ Energy ❯ Oil Industry ❯ Production

Market Dynamics

UAE to Quit OPEC and OPEC+ on May 1, Redrawing Gulf Oil Politics

The exit strips the cartel of rare spare capacity, weakening its price leverage.

Oil Falls 3%–4% After Trump Signals No Imminent Strike on Iran

Trump Says U.S. Will Take 30–50 Million Barrels of Venezuelan Oil, Sell Under U.S. Control

Oil Holds Near Month Lows as Ukraine Peace Push Raises Supply Risk