It will have little effect on the current oil blockades, but it could change everything afterwards.

U.S. President Donald Trump’s military forays in Venezuela and Iran have weakened OPEC more than anyone thought possible just months ago. The White House may view this as a major win, but it may ...

The United Arab Emirates' plan to ditch the oil producers' group Opec and strike out alone is being viewed as a huge blow for the organisation, with one analyst describing it as "the beginning of the ...

The United Arab Emirates announced it will withdraw from OPEC and OPEC+ — the grouping of OPEC members and 10 other major oil-producing nations including Russi ...

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

Oil prices jumped Monday after several nations outside the Organization of the Petroleum Exporting Countries reached a deal to cut oil production. The non-OPEC accord on Saturday came on the heels of ...

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