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OPEC+ Hikes Oil Production Quotas Without Mentioning UAE Pull-Out
Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.
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Opinion | Can Saudi Arabia, Now Alone At The Top, Manage To Keep Oil Stable?
With the UAE's exit, Saudi Arabia will remain the only swing producer with sufficient spare capacity to exert market influence and respond to supply shocks. This will constrain the grouping's leveraging power.
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Opinion | UAE Can Now Easily Meet An Old American 'Demand'. But There's A Casualty: Saudi
Though the timing of the UAE's actions appears paradoxical at first, a deeper evaluation reveals the strategy.
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Trade, Economy, Investment: How UAE's OPEC Exit Will Affect Saudi Relations
Saudi Arabia and the UAE are so deeply enmeshed in trade, investment and logistics that analysts say a full-blown economic rift is unlikely.
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UAE Reviewing Role In Other Groups After OPEC Exit, No Withdrawal Plan Now
The United Arab Emirates is reassessing its role and contributions across organisations but is not considering any further withdrawals at this time.
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Russia To Stay In OPEC+ Despite Shock UAE Exit, Praises Organisation
Kremlin spokesman Dmitry Peskov praised OPEC+ as an important organisation, especially during the current turmoil on global markets.
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Opinion | To Understand UAE's OPEC Exit, Go Back In Time - To A Leaked 'Cable'
Surprising as the UAE's decision is, it is also fully in keeping with its pattern of breaking with regional, in particular, Arab consensus on many issues and forging an independent path.
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In 22 Days, Iran Will Run Out Of Place To Store Oil It Produces. What's Next?
The looming storage crunch is threatening to accelerate production cuts in what was once the second-largest source of crude under the Organisation of Petroleum Exporting Countries (OPEC). P
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UAE Quits OPEC: What It Means For India's Oil Prices, Fuel Bills
Being able to deal with the UAE as a separate seller should give Indian refineries the chance to re-adjust risk levels and pricing, particularly if some volume of crude is routed via overland pipelines to bypass the Hormuz blockade.
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UAE Exit Blindsides OPEC And Threatens To Shake Its Grip On Oil
For OPEC and its partners, the departure will dilute their ability to manage oil prices by adjusting supply, while positioning the UAE as a wild card player at a time of unprecedented upheaval in the global market.
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The Saudi-Pakistan Factor Behind UAE's Exit From OPEC
The UAE has also been frustrated with Pakistan, partly because of its deepening ties with Saudi Arabia, but also because of what it considers Islamabad's meek role as a mediator between the US and Iran.
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UAE To Quit Oil Exporting Groups OPEC, OPEC+ Amid Iran War
UAE To Quit Oil Exporting Groups OPEC, OPEC+ Amid Iran War
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OPEC+ Makes Symbolic Oil Hike, Sees Long Supply Hit From Iran War
Key producers led by Saudi Arabia and Russia agreed to increase targets for May by about 206,000 barrels a day during a video conference.
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The Strait Of Hormuz Has Been Targeted Before. A Look At Past Disruptions
The US and Israel's war with Iran has thrust the Strait of Hormuz at the heart of geopolitical conflict. Iran has brought to a halt nearly all traffic in the waterway, shutting down a critical path for the world's flow of oil.
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OPEC+ To Hike Petrol Output To 548,000 Barrels Per Day In August
Saudi Arabia, Russia and six other key members of the OPEC+ alliance said they would further increase oil output in August to 548,000 barrels per day.
-
OPEC+ Hikes Oil Production Quotas Without Mentioning UAE Pull-Out
Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.
-
Opinion | Can Saudi Arabia, Now Alone At The Top, Manage To Keep Oil Stable?
With the UAE's exit, Saudi Arabia will remain the only swing producer with sufficient spare capacity to exert market influence and respond to supply shocks. This will constrain the grouping's leveraging power.
-
Opinion | UAE Can Now Easily Meet An Old American 'Demand'. But There's A Casualty: Saudi
Though the timing of the UAE's actions appears paradoxical at first, a deeper evaluation reveals the strategy.
-
Trade, Economy, Investment: How UAE's OPEC Exit Will Affect Saudi Relations
Saudi Arabia and the UAE are so deeply enmeshed in trade, investment and logistics that analysts say a full-blown economic rift is unlikely.
-
UAE Reviewing Role In Other Groups After OPEC Exit, No Withdrawal Plan Now
The United Arab Emirates is reassessing its role and contributions across organisations but is not considering any further withdrawals at this time.
-
Russia To Stay In OPEC+ Despite Shock UAE Exit, Praises Organisation
Kremlin spokesman Dmitry Peskov praised OPEC+ as an important organisation, especially during the current turmoil on global markets.
-
Opinion | To Understand UAE's OPEC Exit, Go Back In Time - To A Leaked 'Cable'
Surprising as the UAE's decision is, it is also fully in keeping with its pattern of breaking with regional, in particular, Arab consensus on many issues and forging an independent path.
-
In 22 Days, Iran Will Run Out Of Place To Store Oil It Produces. What's Next?
The looming storage crunch is threatening to accelerate production cuts in what was once the second-largest source of crude under the Organisation of Petroleum Exporting Countries (OPEC). P
-
UAE Quits OPEC: What It Means For India's Oil Prices, Fuel Bills
Being able to deal with the UAE as a separate seller should give Indian refineries the chance to re-adjust risk levels and pricing, particularly if some volume of crude is routed via overland pipelines to bypass the Hormuz blockade.
-
UAE Exit Blindsides OPEC And Threatens To Shake Its Grip On Oil
For OPEC and its partners, the departure will dilute their ability to manage oil prices by adjusting supply, while positioning the UAE as a wild card player at a time of unprecedented upheaval in the global market.
-
The Saudi-Pakistan Factor Behind UAE's Exit From OPEC
The UAE has also been frustrated with Pakistan, partly because of its deepening ties with Saudi Arabia, but also because of what it considers Islamabad's meek role as a mediator between the US and Iran.
-
UAE To Quit Oil Exporting Groups OPEC, OPEC+ Amid Iran War
UAE To Quit Oil Exporting Groups OPEC, OPEC+ Amid Iran War
-
OPEC+ Makes Symbolic Oil Hike, Sees Long Supply Hit From Iran War
Key producers led by Saudi Arabia and Russia agreed to increase targets for May by about 206,000 barrels a day during a video conference.
-
The Strait Of Hormuz Has Been Targeted Before. A Look At Past Disruptions
The US and Israel's war with Iran has thrust the Strait of Hormuz at the heart of geopolitical conflict. Iran has brought to a halt nearly all traffic in the waterway, shutting down a critical path for the world's flow of oil.
-
OPEC+ To Hike Petrol Output To 548,000 Barrels Per Day In August
Saudi Arabia, Russia and six other key members of the OPEC+ alliance said they would further increase oil output in August to 548,000 barrels per day.
