opec news

UAE-OPEC break and Iran’s leadership vacuum

OPEC

Published on May 25, 2026 04:56 pm IST

In West Asia, making of a post-OPEC order

A cartel has cracked. An order is being rewritten. The capitals doing the rewriting are few, the importers paying for the outcome are many. (AP)

opinion

Published on May 05, 2026 03:57 am IST

Making sense of UAE’s exit from OPEC

The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria

international affairs

Published on May 02, 2026 06:59 pm IST

The UAE doubles down on Israel and America

PREMIUM

The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria

world news

Published on May 02, 2026 06:59 pm IST

The UAE’s departure from OPEC may not break the cartel

PREMIUM

FILE - A boat sails past a tanker anchored on the Strait of Hormuz off the coast Qeshm island, Iran, April 18, 2026.

world news

Published on Apr 29, 2026 09:02 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.

india news

Published on Apr 29, 2026 04:45 pm IST

UAE's OPEC exit: Breaking ranks with the GCC, charting its own course

As OPEC's third-largest producer, the UAE's departure has considerably weakened the cartel, and freed Abu Dhabi from serving as its shock absorber for mandated oil cuts.

world news

Updated on Apr 29, 2026 03:00 pm IST

What is OPEC, OPEC+ and why the UAE no longer want to be a part of it

The UAE announced on Tuesday it will exit OPEC and OPEC+ effective May 1, 2026.

uae news

Published on Apr 29, 2026 01:29 am IST

UAE leaves oil production groups OPEC, OPEC+: Here's what you need to know

The United Arab Emirates will withdraw from the OPEC and OPEC+ oil cartels on May 1, 2026 state media said on April 28, 2026, calling it a strategic decision by the major producer.

world news

Updated on Apr 29, 2026 12:00 pm IST

UAE leaves OPEC and OPEC+ in huge blow to global oil producers' group

An Emirati man stands at the oil terminal of Fujairah during the inauguration ceremony of a dock for supertankers on September 21, 2016. The United Arab Emirates will withdraw from the OPEC and OPEC+ oil cartels on May 1, 2026 state media said on April 28, 2026, calling it a strategic decision by the major producer.

world news

Updated on Apr 29, 2026 01:29 am IST

United Arab Emirates says it will leave OPEC effective May 1

FILE PHOTO: People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) (REUTERS)

world news

Updated on Apr 29, 2026 01:29 am IST

A petrodollar smoking gun in the war on Iran

The global economy runs on oil, and for five decades, this has overwhelmingly been run on the US dollar. (Bloomberg)

opinion

Published on Mar 12, 2026 08:57 pm IST

Trump’s Risky Fixation With Other Countries’ Oil

PREMIUM

President Donald Trump speaking at his Mar-a-Lago residence in December.

world news

Updated on Jan 09, 2026 11:14 am IST

UAE vows to pull remaining forces from Yemen in crisis with Saudi Arabia

us news

Updated on Dec 31, 2025 12:38 am IST

Wall Street: US stocks head low, crude oil rises after OPEC's production hike

After closing out its best month since 2023, Wall Street was poised to open with losses on Monday as the Russia-Ukraine conflict escalated over the weekend

business

Published on Jun 02, 2025 07:26 pm IST

Oil prices fall on news that US-Iran will hold nuclear talks

us news

Updated on Oct 06, 2025 08:57 pm IST

Trump says Saudi Arabia's one move would end Russia-Ukraine war ‘immediately'

US President Donald Trump is seen on a large screen during his address by video conference at the World Economic Forum (WEF) annual meeting in Davos.

world news

Updated on Jan 24, 2025 01:48 pm IST

Saudi Arabia cuts oil prices for Asia amid weak demand: Report

An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia.

business

Published on Dec 09, 2024 01:12 pm IST

Why oil prices are not rising despite the war in West Asia

PREMIUM

Petrol. (Representational image)

international affairs

Published on Dec 06, 2024 03:27 pm IST

‘India did world a favour by buying Russian oil because…’: Minister Hardeep Puri

Union minister of petroleum and natural gas Hardeep Singh Puri.

india news

Updated on Nov 08, 2024 08:02 am IST

Dollar dips as polls show Harris-Trump race on knife’s edge

This combination of file photos shows Republican presidential nominee former President Donald Trump, left, speaking at a campaign rally, Oct. 18, 2024, in Detroit, and Democratic presidential nominee Vice President Kamala Harris, right, speaking at a campaign rally in Green Bay, Wis., Oct. 17, 2024. (AP Photo)

world news

Published on Nov 04, 2024 12:11 pm IST

Oil prices fall 3% as concerns ease on potential Iran supply disruption

Brent crude and West Texas Intermediate futures fell 3% as Israel's non-targeting of Iranian oil eased supply fears. OPEC's lowered demand growth forecasts for 2024 and 2025 contributed to this decline, alongside reduced crude shipments to China and deflationary pressures.

business

Published on Oct 15, 2024 08:04 am IST

Oil prices at 3-week low as prospect of additional supply offset Mideast fears

Smoke billows near a village in southern Lebanon after an Israeli air strike, amid cross-border hostilities between Hezbollah and Israel, as seen from northern Israel.

business

Published on Oct 01, 2024 03:41 pm IST

Petrol, diesel prices to be cut soon? What Oil Secretary said on likely decision

Oil Secretary Pankaj Jain indicated that petrol and diesel prices could be lowered if global crude rates stay low. With Brent crude recently dropping below $70 per barrel, state-run fuel companies are considering reducing prices to align with favorable market conditions.

business

Updated on Sept 13, 2024 08:21 am IST