Economics ❯ Global Markets ❯ Oil Prices ❯ Supply and Demand

Market Volatility

UAE Leaves OPEC and OPEC+, Upending Oil Cartel’s Clout

The decision signals a shift toward sovereign control and future output growth.

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

U.S. Authorizes 30-Day Sale of Iranian Oil Already at Sea to Stabilize Markets

Iran Strikes Rattle Dubai and Gulf Shipping as IEA Orders Record Oil Release

ExxonMobil to Cut 2,000 Jobs Worldwide as Imperial Oil Slashes 20% of Staff