27 articles found
.jpg)
The move to ditch OPEC and the expanded OPEC+ group will allow the UAE to produce as much or as little crude as at wishes after decades of following a quota system instituted by the group, potentially providing a windfall of cash to the country.
17 DAYS AGO

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.
21 DAYS AGO

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.
22 DAYS AGO

South Korea will receive 18 million barrels of oil from the UAE through multiple channels, bypassing the Strait of Hormuz amid the US-Israel war on Iran, while securing emergency purchases and using strategic reserves to stabilize fuel supplies.
2 MONTHS AGO
.jpg)
Donald Trump says Iran’s next supreme leader would need US approval to remain in power, drawing a sharp response from Tehran as clerics finalize a successor to Ayatollah Ali Khamenei after the US-Israeli strikes that killed him.
2 MONTHS AGO

Expresses concern over recent attacks in the region, including those targeting the UAE, and conveyed Pakistan’s solidarity with the UAE and its people.
2 MONTHS AGO

The ministry stresses the importance of reason and diplomacy in resolving disputes, reaffirming the UAE’s support for initiatives aimed at strengthening security, stability and development for both nations.
3 MONTHS AGO

Russia said US-brokered talks with Ukraine in the UAE yielded no breakthroughs, with more work ahead, as both sides confirmed discussions would resume Feb 1 amid continued drone and missile attacks overnight.
4 MONTHS AGO

The visit, scheduled for Jan. 26–29, will include meetings with the UAE leadership to review bilateral ties and discuss issues of mutual regional and international interest.
4 MONTHS AGO