OPEC Raises June Output By 188,000 bpd In First Meeting Since UAE’s Exit, Stays Silent On Departure
OPEC had its first meeting in a long time, since it lost one of its most consequential members, and the
UAE Withdraws From OPEC After 60 Years, Shocking Oil Markets
UAE energy minister says exit is a strategic move.
OPEC+ Accelerates Oil Output Rise Amid Global Price Pressures
OPEC+ increases oil production for a third straight month, potentially adding 1.4 million b/d by July, as key members push
OPEC+ Delays Oil Hike Plans to April, Extends Production Cuts Through 2026
OPEC+, responsible for nearly half of global oil production, had planned to ease cuts in October 2024. However, slowing global
Gulf stock indices take a hit amid dwindling Fed rate-cut prospects and geopolitical concerns
Gulf markets saw a dip as investor confidence waned due to uncertainty about a rate cut by the Federal Reserve;
Global Oil Prices Set For Freefall, Oversupply The Culprit
As geopolitical tensions rise, a historic surplus in oil supply could bring relief from inflation but complicate recovery efforts for