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Market Volatility

UAE to Leave OPEC and OPEC+ on May 1, Upending Oil Alliance

The move frees Abu Dhabi to use growing spare capacity outside cartel quotas.

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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