The Iran war exposed a long-simmering feud within the world’s most powerful oil cartel, boiling over this spring when it contended with the biggest oil supply shock in history. Now OPEC, the largest ...

The United Arab Emirates announced on Tuesday that it will withdraw from the Organization of the Petroleum Exporting Countries and its broader OPEC+ alliance, effective May 1, marking the end of its ...

Add Yahoo as a preferred source to see more of our stories on Google. FILE PHOTO: An installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) is ...

The United Arab Emirates (UAE) announced on Tuesday that it will leave OPEC and OPEC+ on May 1. It's a meaningful blow to the cartel of oil-producing nations that effectively control the global oil ...

These are hard times for multinationalism. The North Atlantic Treaty Organization lies in tatters, the World Trade Organization is on life support, the World Health Organization is losing its ...

From petrol prices to global power — here's why OPEC still shapes your world Dubai: The United Arab Emirates (UAE) has been part of the global oil conversation for decades through its membership in ...

OPEC 12 output increased by 3051 kb/d from May 2026 to June 2026, with the largest increases from UAE (1642 kb/d), Kuwait ...

In a blockbuster announcement last week, the United Arab Emirates announced that it would leave the Organization of Petroleum Exporting Countries (OPEC) on May 1. The UAE has been a member of the oil ...

The crisis in the Strait has forced Iraq to reassess its participation in OPEC, the cartel-like organization of petroleum-producing countries founded to coordinate prices and supply in the market.

The United Arab Emirates (UAE) is quitting the Opec and Opec+ groups of major oil producing nations next month after nearly 60 years of membership. The UAE said its decision would help it meet growing ...

The United Arab Emirates (UAE) shocked the world on Tuesday when it announced that it’d be leaving the world’s largest oil cartel this week. While there’s no immediate impact for the U.S., in the long ...