Articles by tag: opec-exit

UAE leaves OPEC from May 1, 2026: end of the oil cartel?

The Emirates announced a break with OPEC and OPEC+ for national interests. The share of production is slipping out of control. Find out why while the strait is closed it is just a scandal, and after the UAE's victory the battle for market share will begin.

Brent crude rose above $112 on US plans to blockade Iran

Oil prices rise for 8 consecutive sessions after Trump's order for a prolonged blockade of ports. A deficit of 10 million barrels will increase inflation to 5.8%. Find out why the World Bank raised its forecasts and how the UAE's exit from OPEC rocked the market.