OPEC+
OPEC+ tipped to raise production again but new quotas loom
The move comes as the alliance navigates uneven production capacity, shifting member priorities and growing pressure over how future supply limits will be set.
August 5, 2026
As OPEC+ meets, Iran war hobbles power to shape oil market
OPEC+ ministers meet Sunday to weigh higher production quotas in a bid to cap oil prices that have surged since the Iran war effectively choked off Gulf crude shipments.
June 7, 2026
UAE exits OPEC, signaling a new era for oil politics
UAE’s OPEC exit ends a 58-year membership and challenges the group’s unity, founded in 1960 to counter Western oil giants, OPEC later expanded into OPEC+ but now faces weaker control over supply and prices.
April 29, 2026
UAE to withdraw from OPEC, OPEC+: statement
The UAE announced it will leave OPEC and OPEC+, citing national interests and long-term strategy, as Gulf oil shipments face disruption from Iran’s blockade of the Strait of Hormuz.
April 28, 2026
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OPEC+ backs market stability as Iran rules out Hormuz closure
Eight OPEC+ nations reaffirmed market stability commitments as ships were attacked in the Strait of Hormuz, while Iran said it has no intention of closing the key global energy shipping route
March 1, 2026
Most Asian markets track Wall Street higher after US inflation data
Investors are keeping a wary eye on Washington, where lawmakers have failed to reach a funding compromise to keep the government running, which observers say could affect the release of key data.
September 29, 2025