The United Arab Emirates officially left the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance on May 1, 2026, ending a membership that lasted nearly six…
OPEC
-
-
The Organization of the Petroleum Exporting Countries (OPEC) is confronting significant challenges amid shifting geopolitical and market dynamics. Iran’s oil production has fallen to its lowest level in six years,…
-
The Organization of the Petroleum Exporting Countries (OPEC) has once again revised downward its forecast for global oil demand growth in 2026, reflecting the ongoing impact of geopolitical tensions and…
-
Nigeria has surpassed its oil production quota established by the Organization of the Petroleum Exporting Countries (OPEC), achieving an 11-month peak in crude output during May 2026. The Nigerian Upstream…
-
The Organization of the Petroleum Exporting Countries (OPEC) has once again lowered its forecast for global oil demand growth in 2026, reflecting the ongoing geopolitical instability in the Middle East.…
-
The Organization of the Petroleum Exporting Countries (OPEC) has revealed significant changes in oil production among its member nations for May, with Iran experiencing a steep drop while Venezuela’s output…
-
OPEC’s crude oil production fell sharply in May 2026, reaching the lowest level seen in more than 25 years. According to a Reuters survey, the 11-member Organization of the Petroleum…
-
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, have announced a fourth consecutive monthly increase in their oil production targets despite ongoing disruptions caused by…
-
OPEC+ is preparing to authorize its fourth consecutive rise in oil production targets, aiming to increase output by approximately 188,000 barrels per day starting this July. This planned boost involves…
-
OPEC+ is set to approve its fourth increase in oil production quotas in as many months despite ongoing geopolitical tensions and disruptions caused by the closure of the Strait of…