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 ...

The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produces some 40% of the world’s crude oil and exerts major influence over the price of ...

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

A standoff between Gulf oil giants Saudi Arabia and the UAE could cause greater market volatility for years to come ...

Concerns around tariffs and conflicts in the Middle East and Ukraine have taken a backseat to more fundamental factors ...

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

UAE’s exit from OPEC could weaken Saudi-led oil policy, boost Abu Dhabi’s output plans and reshape crude supply deals with India and China ...

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

Higher oil prices would boost petroleum-related revenue but would raise the cost of subsidies, says Samirul Ariff Othman.

December WTI crude oil (CLZ25) today is down -2.14 (-3.51%), and December RBOB gasoline (RBZ25) is down -0.0400 (-1.99%). Crude oil and gasoline prices are falling sharply today, with crude matching a ...

America is the world's leading oil producer. The United States is less reliant on foreign oil than at times in the past. And of the oil we do import, only 8% comes from the Middle East. Why, then, ...