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.

Saudi Arabia, Russia, and five other OPEC members increased their oil production quota by 188,000 barrels per day, despite ...

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.

The United Arab Emirates' decision to leave OPEC is reverberating across global energy markets, sparking questions on who else could follow.

Opec aims to influence the global price of oil by agreeing how much its oil members sell. When they agree to sell more it is ...

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 ...

Seven oil-producing nations in OPEC+ — including Saudi Arabia and Russia — say they’ve agreed to a modest output increase in ...

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

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

Copyright 2026 The Associated Press. All Rights Reserved. Copyright 2026 The Associated Press. All Rights Reserved. Cargo ships are seen at sea near the Strait of ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. The EIA March STEO report has made significant and major ...