Organization of the Petroleum Exporting Countries
Coverage of Organization of the Petroleum Exporting Countries in the Nexus archive.
- OPEC+ Agrees in Principle on 188K B/D Hike, Delegates Say
OPEC+ has agreed in principle to increase oil production by 188,000 barrels per day. The United Arab Emirates will exit OPEC and its wider alliance, impacting the group and Saudi Arabia amid global oil supply disruptions linked to the Iran war.
- OPEC+ Agrees Another Symbolic Quota Hike for July
OPEC+ agreed to another symbolic quota increase for July. The United Arab Emirates will leave OPEC and its alliance, impacting the group and Saudi Arabia amid global oil supply disruptions caused by the Iran war.
- OPEC Output Plunges Further as US Squeezes Iran, Survey Shows
OPEC's oil output has decreased further, according to a survey, as the United States applies pressure on Iran. The Organization of the Petroleum Exporting Countries is highlighted in the context of reduced production.
- Analysts Tell OPEC+ Hormuz Disruption to Last Through Year End
Analysts predict the Hormuz disruption will persist through year-end, impacting OPEC+. The United Arab Emirates is set to leave OPEC and its alliance, affecting Saudi Arabia and global oil supply amid the Iran war.
- Saudis Tell OPEC That Oil Output Sank Again to Lowest Since 1990
Saudi Arabia has informed OPEC that its oil output has decreased again to its lowest level since 1990. This decrease in oil production is a significant development in the global energy market. The decline is likely to have implications for the global economy and oil prices.
- OPEC+ Agrees to Symbolic June Quota Increase, Delegates Say
OPEC+ agreed to a symbolic June quota increase to stabilize oil markets. The United Arab Emirates announced its exit from OPEC and its wider alliance, weakening the group's influence amid global supply disruptions caused by the Iran war.
- OPEC+ Meeting Offers Chance to Show Unity After UAE’s Shock Exit
The United Arab Emirates will exit OPEC and its wider alliance, dealing a blow to the group and Saudi Arabia amid global oil supply disruptions caused by the Iran war. The OPEC+ meeting in Vienna, Austria, presents an opportunity for the remaining members to demonstrate unity.
- OPEC+ Provisionally Agrees June Quota Increase, Delegate Says
OPEC+ provisionally agreed to increase oil production quotas in June, according to a delegate. The United Arab Emirates announced its exit from OPEC and its wider alliance, weakening the group and Saudi Arabia amid global oil supply disruptions caused by the Iran war.
- OPEC+ Agrees in Principle on Small Output Hike, Reuters Reports
OPEC+ has agreed in principle to a small increase in oil output, but the United Arab Emirates is set to leave OPEC and its broader alliance, weakening the group and Saudi Arabia. This comes amid global oil supply disruptions caused by the Iran war.
- Breaking down OPEC and its influence as UAE decides to leave
The UAE has decided to leave OPEC, a move endorsed by President Trump. This decision could impact global oil markets and OPEC's influence. Trump's support highlights potential geopolitical and economic implications.
- OPEC+ Delegates Expect Another Symbolic Supply Hike Without UAE
The United Arab Emirates is set to leave OPEC and its OPEC+ alliance, marking a significant blow to the organization and Saudi Arabia. This exit occurs as the global oil industry faces supply disruptions due to the Iran war, with OPEC+ delegates anticipating a symbolic supply increase without the UAE's participation.
- Trump Argues UAE’s OPEC Exit Could Lower Energy Prices
U.S. President Donald Trump argued that the United Arab Emirates' potential exit from OPEC could lead to lower global energy prices. He suggested this move might disrupt OPEC's ability to control oil markets.
- UAE quits OPEC
The United Arab Emirates (UAE) announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), effective May 1st.
- In five charts - How UAE's exit could affect Opec's influence over the oil price
The article examines how the UAE's potential exit from OPEC could weaken the cartel's control over oil prices and global energy markets. It uses BBC charts to analyze the implications for OPEC's stability and pricing power.
- Russia Says It Has No Plans to Leave OPEC+ After UAE Exit
Russia reaffirmed its commitment to OPEC+ following the UAE's recent exit, stating no plans to leave the alliance. The Organization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna was mentioned in the context of the group's ongoing activities.
- Understanding the UAE's Decision to Leave OPEC
The UAE has decided to leave OPEC, marking a significant shift in its energy policy and geopolitical strategy. This move reflects the country's evolving priorities in the global oil market.
- Why the UAE-OPEC Rift Was Years in the Making
The article examines the prolonged tensions between the United Arab Emirates (UAE) and OPEC, highlighting factors that contributed to their rift over several years. It suggests disagreements over oil production strategies and geopolitical priorities as key drivers of the conflict.
- UAE announces it will leave OPEC
The United Arab Emirates announced its decision to leave the Organization of the Petroleum Exporting Countries (OPEC) after over 50 years of membership. NBC News reporter Christine Romans analyzed the motivations behind the UAE's withdrawal.
- Faisal Islam: Why the UAE's exit from Opec is a big deal
The UAE's exit from OPEC is unlikely to impact current oil blockades but may significantly alter future dynamics. The move highlights shifting geopolitical and economic strategies among oil-producing nations.
- Strait of Hormuz in limbo as UAE says its leaving OPEC
The Strait of Hormuz remains in limbo amid Iran's latest offer to reach a deal with the U.S. The United Arab Emirates announced its exit from the Organization of the Petroleum Exporting Countries (OPEC), effective May 1.
- UAE announces plans to leave OPEC: State media
The United Arab Emirates (UAE) announced it will leave OPEC and its OPEC+ alliance on May 1 after an internal review of its production policy, as reported by UAE state media WAM.
- UAE to Leave OPEC in May as Iran War Reshapes Oil Market
The UAE is set to leave OPEC in May as the Iran war significantly impacts the global oil market. The Organization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna is mentioned in the context.