Opec

UAE oil chief says OPEC exit boosts ability to speed up investment

Adnoc touted its plans on Sunday, saying it's planning to accelerate a growth push with 200 billion dirhams ($55 billion) in oil-project awards as part of an already-announced $150 billion program

UAE’s Opec exit: What it means for India, the world & oil prices | Oil markets | Trump | Crude oil

UAE’s shock exit from Opec could reshape the global oil market. In this video, we explain what Opec does, why the UAE is leaving, and how this move could impact oil prices, India

Opec+ agrees to third oil output quota hike since Hormuz closure

Seven members to raise output targets by 188,000 bpd in June

Stock Market Close: Sensex gains 609 pts; Nifty ends at 24,178; FMCG, auto, realty shine

Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap ended 0.07 per cent down, and the Nifty SmallCap settled 0.65 per cent higher

Remain structurally bullish on India despite headwinds: Ben Powell, BlackRock

The long-term story as regards India -demographics, reforms, digitalization, and improving efficiency- remains intact, Powell said.

UAE leaves Opec: History of the bloc and what Abu Dhabi's exit means

The UAE's move, which comes into effect from May 1, could have serious consequences on the global energy markets

Crude oil may stay elevated despite UAE's decision to quit Opec: Analysts

The closure of Strait of Hormuz (SoH), analysts said, is the primary reason for this as oil supplies from this region remain curtailed.

Oil prices jump nearly 3% as Hormuz disruption outweighs UAE Opec exit

Brent futures for June ended up $3.03 or 2.8 per cent at $111.26 a ​barrel, marking its seventh consecutive day of gains

UAE to exit Opec, Opec+, reiterates commitment to stable global oil markets

In a statement on Tuesday, the UAE said the move, effective May 1, 2026, aligns with its broader economic and strategic priorities, including increased investments in domestic energy production

Brent to stay elevated amid supply shocks; easing likely by Q3: Analyst

Brent futures are currently trading near $95/bbl after a 4.6 per cent correction, yet remain up 31 per cent since the start of the conflict, 56 per cent year-to-date

Opec cuts Q2 global oil demand forecast by 500,000 bpd on Iran war

Global oil demand is projected to average 105.07 million bpd in the second quarter, OPEC's report said, down from the 105.57 million bpd forecast in last month's report

Opec+ agrees to boost oil output by 206,000 bpd when Hormuz reopens

Other group members such as Russia are unable to increase output due to Western sanctions and damage to infrastructure inflicted during the war with Ukraine

OPEC+ may consider fresh oil output hike at Sunday meeting: Report

Sunday's meeting would normally be expected to decide May output quotas

Iran war: How IEA reserves, and Opec output shape the global oil market

As the IEA prepares its biggest-ever oil reserve release in the wake of the Iran war, here's a look at the countries that produce crude and the role of blocs such as Opec and Brics

8 Opec+ nations boosts oil production amid rising tensions in West Asia

Eight countries that are part of the OPEC+ oil cartel announced Sunday they will boost production of crude as US and Israeli forces launched a major attack on Iran and the country responded with retaliatory strikes against Israel and US military installations around the Gulf, disrupting oil shipments from the region. The Organisation of Petroleum Exporting Countries, in a Sunday meeting planned before the war began, said it would increase production by 206,000 barrels per day in April, which was more than analysts had been expecting. The countries boosting output include Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman. Attacks throughout the region, including on two vessels travelling through the Strait of Hormuz, the narrow mouth of the Persian Gulf, could restrict countries' ability to export oil to the rest of the world. That would will likely result in higher prices for crude oil and gasoline, according to energy experts. Roughly 15 ..

Crude oil's epic fury: 300% jump! It's happened before; tracing the history

During the October 1973 Yom Kippur War, Arab OPEC members, led by Saudi Arabia, implemented an oil embargo against the US and other nations that supported Israel that led to oil rising 300 per cent.

OPEC+ to lift oil output slightly even as Iran crisis disrupts shipments

Oil, gas and other shipments from the Middle East via the Strait of Hormuz have come to a halt since Saturday after shipowners received a warning from Iran saying the area was closed for navigation

OPEC+ set to ratify March output pause as Iran risks lift oil prices higher

OPEC+ is expected to extend its pause on oil production increases in March, even as geopolitical tensions and Iran-related risks push crude prices higher

Crude oil price outlook: Brent crude to average $56 in 2026, WTI near $49

Global inventories are expected to build by an average of 2.8 mbpd through the first half of the year, marking the largest surplus in recent memory

Crude oil outlook for 2026 remains range-bound amid persistent supply glut

Despite multiple flashpoints during the year, oil prices struggled to sustain rallies, highlighting the market's growing sensitivity to excess supply