As Saudi Arabia and Russia deepen cooperation, their combined influence over global oil supply is growing. Could this shift ...

The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produ ...

Crude oil faces a pivotal week as OPEC+ weighs output cuts, gasoline demand comes into focus, and inventory data tests the ...

For decades, OPEC dominated global oil markets. But as energy markets evolve and national interests diverge, more countries ...

The UAE's departure from OPEC could trigger a domino effect, experts say, potentially leading to lower gasoline prices within ...

The United Arab Emirates will leave OPEC effective Friday, stripping the oil cartel of its third-largest producer and further ...

Last month, the United Arab Emirates announced its withdrawal from Opec, threatening the once-mighty oil-producing group ...

The Arab oil producer has long expressed frustration with the quotas it has to follow as part of OPEC, the cartel of major state-owned oil producers.

The UAE said it decided leaving OPEC was in its national interest after reviewing its production policy and capacity.

UAE departs OPEC and OPEC+ citing strategic priorities and flexibility as geopolitical tensions disrupt global oil markets and supply chains.

Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of the Hormuz.

The United Arab Emirates - a leading producer of crude oil - has decided to quit the Organization of Petroleum Exporting Countries. Here's why and what may happen next.