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After quitting OPEC and OPEC+, the United Arab Emirates (UAE) is set to grow its oil production faster when the current Hormuz crisis is over, according to analysts at Barclays. After quitting OPEC and OPEC+, the United Arab Emirates (UAE) is set to grow its oil production
Brent: UAE exit reshapes supply outlook – ING ING analysts Warren Patterson and Ewa Manthey say the United Arab Emirates' (UAE) departure from OPEC (Organization of Petroleum Exporting Countries) from 1 May is a significant blow to the group but has limited short-term impact on...</strong
ING analysts Warren Patterson and Ewa Manthey say the United Arab Emirates' (UAE) departure from OPEC (Organization of Petroleum Exporting Countries) from 1 May is a significant blow to the group but has limited short-term impact on the Oil market due to existing Persian Gulf...<
Oil: Futures rally on Hormuz risks – Rabobank Rabobank's Senior Macro Strategist Bas van Geffen notes Brent futures have surged above $112 as the closure of the Strait of Hormuz persists and negotiations between Iran and the US remain... Oil: Futures rally on Hormuz risks
Oil continues to face a blockade The UAE’s decision to withdraw from OPEC and OPEC+ came as a surprise but did not send shockwaves through the oil market. Oil continues to face a blockade The UAE’s decision to withdraw from OPEC and OPEC+ came as a surprise but did not sen
Aircraft lessor AerCap says prolonged high oil prices could bring opportunities Reuters Aircraft lessor AerCap says prolonged high oil prices could bring opportunities Reuters
The OPEC and OPEC+ groups are not expected to falter following the abrupt, but not necessarily surprising, exit of one of the biggest producers, the United Arab Emirates (UAE), according to consultancy Energy Aspects. The OPEC and OPEC+ groups are not expected to falter fo
BoC: Cautious hold as oil lifts inflation – TD Securities TD Securities strategists expect the Bank of Canada (BoC) to keep its policy rate at 2.25%, with a cautious statement in the April decision. BoC: Cautious hold as oil lifts inflation – TD Securities TD Securities st
USD: Steady as oil shock unfolds – DBS DBS Bank’s Philip Wee notes that the US Dollar (USD) stayed rangebound even as Brent crude jumped on news that the UAE will exit OPEC and OPEC+ on May 1 and aims to boost production... USD: Steady as oil shock unfolds – DBS DBS Bank’s