The move is designed to show the group is ready to raise supplies once the war stops Read more at The Business Times.

OPEC+ is set to agree on Sunday a modest oil output hike, sources said, but the increase will remain largely on paper as long ...

The UAE’s departure from OPEC and plan to expand oil production by nearly 50% could alter global energy alliances, with ...

Seven Opec+ members are meeting today to make their first decision on oil-production quotas since the United Arab Emirates’ ...

A sub-group of OPEC+ states has provisionally agreed a modest quota increase for June despite the UAE’s departure, a delegate ...

OPEC+ agreed to raise June output by 188,000 barrels daily amid West Asia tensions and Strait of Hormuz blockade. United Arab ...

The timing was almost theatrical. All day Tuesday, Emirati officials and government-aligned accounts had seeded social media with hints that something transformative was coming. Then Mohammed bin ...

Seven OPEC+ members are meeting Sunday to make their first decision on oil-production quotas since the United Arab Emirates' ...

Brent crude falls over 9 percent after Iran said it will reopen waterway, only to shut it again over US blockade.

Kuwait exported zero crude oil in April 2026 for the first time since the 1991 Gulf War, according to tanker tracking data.

In 1960, five major oil producing countries (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela) formed the Organization of the Petroleum Exporting Countries (OPEC). The idea was to coordinate production ...

UAE exits OPEC, issues travel ban and eases Dubai property visa rules, alongside Global Village offers and real estate growth ...