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oil production

The UAE doubles down on Israel and America

PREMIUM
The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria
Published on May 02, 2026 06:59 pm IST

Tensions with Saudi, next move: Deep dive into UAE's decision to leave OPEC

After UAE’s exit, OPEC will be left with 11 members.
Updated on May 02, 2026 06:59 pm IST

Power shifts in West Asia

PREMIUM
Oil prices have barely moved after the UAE’s decision. And this is expected, given that the ongoing supply shock originates from a maritime blockade rather than producers withholding production. (Reuters)
Published on Apr 29, 2026 09:22 pm IST

UAE's exit from OPEC will increase production, bring down oil prices: Russia

Russian Finance Minister Anton Siluanov's comments marked Russia's first reaction to the surprise UAE exit.
Published on Apr 29, 2026 04:45 pm IST

Why Taking Venezuela’s Oil Could Actually Lift Its Fortunes

PREMIUM
A motorcyclist rides past a mural that reads in Spanish "Free Maduro and Cilia" in Caracas, Venezuela
Published on Jan 09, 2026 12:32 pm IST