UAE Leaves OPEC as Iran War Raises Risk to Gulf Oil Exports
The UAE said April 28 it would leave OPEC after nearly six decades, while promising any extra output would come gradually with demand.
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Energy
UAE Leaves OPEC as Abu Dhabi Plans 5 Million Barrels a Day by 2027
The UAE said it will leave OPEC after nearly six decades, freeing Abu Dhabi to manage extra output outside cartel quotas.
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UAE Leaves OPEC to Raise Oil Output Beyond Group Limits
The UAE said it would raise output beyond OPEC limits in a gradual and measured manner.
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UAE Exits OPEC as Iran War Tightens Oil Markets
The UAE said it will leave OPEC next month, removing about 12% of the cartel’s output before the war shock.
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IEA warning: Qatar LNG damage tightens gas markets for two years
The IEA said damage to Qatar’s LNG facilities could keep gas markets tight for 2 years and delay the next supply wave.
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Iran war resets energy shock expectations
The Iran war and the closure of the Strait of Hormuz have reset energy markets, with about 20% of global oil and gas flows disrupted.
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Brent crude swings on Strait of Hormuz standoff
Brent crude fell 10% to $90 a barrel after Iran said the Strait of Hormuz was “completely open,” then rebounded 5% after an attack on an Indian tanker.
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Brent crude swings reflect Hormuz shock repricing
Iran said the strait was "completely open," but Brent fell 10% and rebounded after an attack on an Indian tanker.
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Hormuz relief keeps oil traders on edge
Iran said the Strait of Hormuz was open, then attacked an Indian tanker, keeping Brent crude and shipping routes under pressure.
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Iran war pushes global factory costs higher
Reuters said 26 firms have cut or withdrawn guidance since the war began as shipping disruptions, fuel costs and supply bottlenecks drive prices higher.
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Oil markets: Brent drops after Iran's Hormuz warning
Iran's foreign minister called the Strait of Hormuz "completely open," but Brent crude still fell 10% before rebounding 5% after an attack on an Indian tanker.
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Energy markets after Trump ceasefire: Brent crude falls 12%
Trump’s ceasefire announcement sent Brent crude down 12%, but traders still see lasting damage to energy markets from the war.
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