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OPEC

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.

IMF Cuts Global Outlook as Gulf War Fuels Energy Shock and Rate-Hike Fears

Strait of Hormuz Stays Largely Closed, Raising Shortage Risk and Straining Aid

Oil Jumps Above $80 as Hormuz Shipping Grinds to a Halt After Strikes on Iran

Oil Slumps as OPEC Shifts 2026 Forecast to Balanced Market

OPEC+ Set to Greenlight Fourth Straight Output Hike at July Meeting

Oil Prices Hold Near $65 as OPEC+ Prepares July Supply Increase

OPEC+ Accelerates Oil Output Hikes, Triggering 6% Price Drop