Opec

Fractures rock Gulf alliance as UAE quits OPEC during Iran war - analysis

Abu Dhabi’s exit, a summit snub, and public criticism expose a widening Saudi-Emirati split reshaping energy and security coordination.

UAE Minister of Energy and Infrastructure, Suhail Mohamed Al Mazrouei speaks, on the day of the Make it in the Emirates (MIITE) conference, in Abu Dhabi, United Arab Emirates, May 4, 2026.
 A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020.

UAE exit weakens OPEC+ power over oil market but group to stay together, sources say - analysis

Sheikh Hamdan bin Mohamed Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Minister of Defence and Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and UAE National Security Adviser, arrive at Doha International Airport, in Doha, Qatar, September 10, 2025

UAE taking advantage of long-term global energy needs by leaving OPEC - analysis

UAE's Oil Minister OPEC President Suhail Mohamed Al Mazrouei and OPEC Secretary General Mohammad Barkindo address a news conference after an OPEC meeting in Vienna, Austria, June 22, 2018.

UAE leaves OPEC and OPEC+ in major blow to global oil producers' group


Saudi Arabia, United States clash over reason for OPEC+ oil cut

Saudi Arabia rejected as "not based on facts" criticism of an OPEC+ decision last week to cut its oil production target despite US objections.

 Saudi Crown Prince Mohammed bin Salman receives U.S. President Joe Biden at Al Salman Palace upon his arrival in Jeddah, Saudi Arabia, July 15, 2022.

UAE-Russia ties will be in US spotlight after Saudi controversy -analysis

The overall perception is that US-Saudi relations are not doing well, which could impact the UAE and other countries.

 Russia's President Vladimir Putin attends a meeting with United Arab Emirates' President Sheikh Mohammed bin Zayed al-Nahyan in Saint Petersburg, Russia, October 11, 2022.

Kremlin praises OPEC+ for countering US 'mayhem'

The White House pushed hard to prevent the output cut. Biden hopes to keep US gasoline prices from spiking again ahead of midterm elections.

 A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020.

US anger over Saudi Arabia, OPEC will impact Israel, Middle East policy - analysis

OPEC, US and Saudi controversy will impact the Middle East, as it could encourage closer Israel partnerships with the Gulf and show that Israel is a reliable partner of the US at the same time.

 A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020.

US-OPEC oil controversy spotlights Saudi Arabia ties - analysis

OPEC is an intergovernmental organization founded in 1960 in Baghdad, and their decision to cut oil production is seen as potentially upsetting the US mid-term elections

  The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016.

OPEC's Secretary-General Barkindo dies, Nigerian oil official says

Barkindo, who was 63 years old, was due to step down at the end of this month after six years as OPEC's secretary-general.

 Late OPEC secretary-general Mohammad Barkindo speaks while addressing delegates at the opening of the Nigeria Oil & Gas 2022 meeting in Abuja, Nigeria.

Replacing Russian oil supply to Europe is almost impossible, OPEC warns

Will the Middle East be able to increase oil exports if the European Union sanctions Russia over its invasion of Ukraine?

A meeting of the Organization of the Petroleum Exporting Countries at OPEC’s Vienna headquarters

OPEC+ Agreement remains unresolved after Saudi Arabia-UAE quarrel

In the wake of a public disagreement last week, no new deal was reached by the beleaguered 23-member petroleum export club.

One of the water cooling towers at the Haifa oil refinery collapses, June 12, 2020

Bank Leumi: Oil futures forecast price decline in second half of 2021

The drop in prices in the latter half of 2021 will be due an increase in oil production by OPEC states and the prospects of lowered tensions with a new US-Iran nuclear deal.

A general view of Abadan oil refinery in southwest Iran, is pictured from Iraqi side of Shatt al-Arab in Al-Faw south of Basra, Iraq September 21, 2019

Oil price volatility increases amid Suez Canal aftermath, OPEC meeting

The price of BRENT oil decreased from about $64.12 per barrel on March 19 to $62.41 per barrel on April 2.

A general view of Abadan oil refinery in southwest Iran, is pictured from Iraqi side of Shatt al-Arab in Al-Faw south of Basra, Iraq September 21, 2019