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Keywords: OPEC


Russia says OPEC+ will endure despite UAE exit, rules out oil price war

Russia has expressed confidence in the stability of the OPEC+ alliance, stating that cooperation among major oil producers will continue despite the recent decision by the United Arab Emirates to leave the group. Deputy Prime Minister Alexander Novak emphasized that the departure of one member is unlikely......

Brent oil tops 115 dollars as UAE exit reshapes supply outlook

Oil prices surged to multi-month highs as Brent crude crossed the 115 dollar mark, driven by a sharp shift in global supply expectations following the United Arab Emirates’ decision to leave the OPEC alliance and rising tensions between the United States and Iran over maritime access through the......

Oil prices extend rally as Trump threatens Iran OPEC tension

Oil prices extended their upward momentum on Wednesday as geopolitical tensions intensified around Iran and global supply risks deepened. Traders reacted to renewed threats from United States President Donald Trump and escalating uncertainty in the Middle East, pushing crude benchmarks to multi month......

UAE exit from OPEC raises risk of further departures

The United Arab Emirates’ decision to leave OPEC has intensified scrutiny of the oil cartel’s cohesion, as analysts warn that tensions over production quotas could push other members to follow. The move highlights long-standing divisions within the group, particularly between countries investing......

Saudi oil exports hit multi year high ahead of gulf supply disruption

Crude exports from Saudi Arabia rose to 7.276 million barrels per day in February, up from 6.993 million in January, reaching their highest level in several years. The increase of 283,000 barrels per day reflects a steady ramp up in output as the kingdom positioned itself amid rising geopolitical tensions......

Algeria launches international bid for oil and gas concessions

Algeria has officially launched a new international bidding round for oil and gas exploration and production licenses, seeking to attract foreign investors at a time of heightened volatility in global energy markets. The initiative, titled “Algeria Bid 2026,” marks the second such call since......

US crude premiums hit record highs as Asia and Europe scramble for supply

The six-week-old war between the United States, Israel, and Iran has produced the worst oil supply crisis in modern history, drawing warnings from economists and international institutions that the world faces a growing risk of stagflation and recession if the Strait of Hormuz remains closed. The International......

Opec+ considers output increase amid global supply disruptions

The oil-producing alliance OPEC+ is reportedly discussing a potential increase in oil output, even as ongoing geopolitical tensions continue to disrupt global energy markets. Sources indicate that member countries may agree to raise production levels in principle. However, analysts suggest that any......

OPEC keeps oil demand forecast despite supply shocks from Iran war

OPEC has maintained its global oil demand projections even as supply disruptions linked to the war involving Iran shake energy markets. The organization confirmed that Saudi Arabia led a significant increase in production in February, raising output by 250,000 barrels per day in what appears to have......

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