OPEC crude output fell last month, hitting its lowest level in decades as the US blockade of Iran and disruption in the ...

OPEC crude production fell in May to its lowest level in at least 37 years as a US blockade of Iran and disruptions in the Persian Gulf continued to limit output, according to a Bloomberg survey ...

Prince Abdulaziz bin Salman and other top OPEC officials visit the St Petersburg International Economic Forum.

The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produ ...

OPEC oil production hits a decades-low amid US-Iran tensions. Crude oil reaches a new all-time high by December 31 at 25.5% ...

The UAE said it decided leaving OPEC was in its national interest after reviewing its production policy and capacity.

OPEC expects robust oil demand growth and ​is not changing its estimates, ‌Secretary General Haitham Al Ghais said on ...

The Arab oil producer has long expressed frustration with the quotas it has to follow as part of OPEC, the cartel of major state-owned oil producers.

Last month, the United Arab Emirates announced its withdrawal from Opec, threatening the once-mighty oil-producing group ...

UAE departs OPEC and OPEC+ citing strategic priorities and flexibility as geopolitical tensions disrupt global oil markets and supply chains.

The United Arab Emirates will leave OPEC, a decades-old cartel of the world’s top oil exporters, delivering a shock that will ripple through global oil markets at a time of unprecedented turmoil ...

Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of the Hormuz.