OPEC Trending News

Everything you want to know about OPEC in 42-word summarized news nuggets

2026-04-29 02:40:05

UAE Quits OPEC in Major Blow to Oil Cartel

The UAE will leave OPEC on May 1, becoming the cartel's third-largest producer to exit. This move weakens OPEC's global oil leverage, driven by the UAE's desire to pump more oil and tensions with Saudi Arabia. read more

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2026-04-28 21:10:44

UAE Exits OPEC, Reshaping Global Oil Alliance

#OPEC #UAE

The UAE left OPEC, shaking the 65-year-old oil alliance that produces 40% of global crude and influences energy prices. This exit may reduce OPEC's leverage, though Iran blocking the Strait of Hormuz currently limits immediate market impact. read more

2026-04-28 15:10:05

UAE Quits OPEC After 60 Years, Citing New Strategy

#UAE #OPEC

The UAE will leave OPEC on May 1 after nearly 60 years, citing strategic economic shifts and energy investment. The departure follows disputes over production caps and strained Saudi ties, weakening OPEC's market control. read more

2024-12-05 12:10:08

OPEC+ Alliance Debates Production Increase Amid Low Demand Concerns

#OPEC #OilPrices

OPEC+ considers postponing crude production increase due to sluggish demand and competition, potentially leading to stagnant oil prices into 2025. Despite this, U.S. motorists are benefiting from cheaper gasoline prices at around $3 a gallon. + read more