Oil price continues to rise despite UAE leaving OPEC "The oil price is on track for its seventh straight day of gains - hitting a 3-week high - despite the UAE leaving OPEC and OPEC+", says Axel Rudolph, Chief Technical Analyst at investing and trading platform... Oil pric
China is poised to resume exporting jet fuel, gasoline and diesel from May, in a move that could significantly ease the worldwide shortages caused by the Iran conflict. China is poised to resume exporting jet fuel, gasoline and diesel from May, in a move that could signifi
ICYMI: The HFI Research Institute, which specializes in analyzing oil and gas data, tweeted: Based on tanker trackers data, 20 VLCC oil tankers plus onshore storage capacity equivalent to 50 million barrels are almost enough for 53 days with an export volume of 1.7 million...
The world’s top crude exporter, Saudi Arabia, is expected to slash its official selling prices (OSPs) for crude loading for Asia in June from the record-highs for May as the premiums of the Middle Eastern benchmarks eased this month. The world’s top crude exporter, Saudi A
Brent: Higher prices support Dollar and yields – Societe Generale Societe Generale analysts note Brent has rallied above $110 per barrel, with negotiations over Iran focused on restoring the status quo and reopening the Strait of... Brent: Higher prices support Dollar and
The United Arab Emirates exits OPEC, shaking global energy market The United Arab Emirates (UAE) announces its decision to leave the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+), marking a major turning point for the balance of the global...
The United Arab Emirates (UAE) announces its decision to leave the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+), marking a major turning point for the balance of the global energy market. The United Arab Emirates (UAE) announces its decis
Brent is on its way to record highs The oil market is hoping for the best but bracing for the worst. Brent is on its way to record highs The oil market is hoping for the best but bracing for the worst. Iran has been backed into a corner and the US blockade of the Strait of
🇦🇪 NEW: UAE says it will leave OPEC and OPEC+ effective May 1, per state news agency. 🇦🇪 NEW: UAE says it will leave OPEC and OPEC+ effective May 1, per state news agency. News | Markets | YouTube
The United Arab Emirates is leaving OPEC and OPEC+, effective May 1, the country's state news agency WAM confirmed Tuesday, ending nearly six decades of membership and stripping the cartel of its third-largest producer in one of the most consequential exits in OPEC's history.