The Iran war exposed a long-simmering feud within the world’s most powerful oil cartel, boiling over this spring when it ...

The United Arab Emirates' plan to ditch the oil producers' group Opec and strike out alone is being viewed as a huge blow for the organisation, with one analyst describing it as "the beginning of the ...

OPEC+ has boosted oil production quotas for the fifth consecutive month, raising questions about shipping capacity and buyer ...

The cartel still matters—but the Hormuz crisis and the UAE’s exit show that relevance is no longer the same as control.

Iraq has considered leaving OPEC if the ⁠oil ⁠producer group does not allow Baghdad to significantly ⁠increase oil production, sources with knowledge of the matter told Reuters. The prospect of Iraq ...

Iraq wants to pump more oil in the future.

The United Arab Emirates (UAE) announced on Tuesday that it will leave OPEC and OPEC+ on May 1. It's a meaningful blow to the cartel of oil-producing nations that effectively control the global oil ...

Dubai — The United Arab Emirates said on Tuesday it was quitting OPEC, dealing a heavy blow to the oil producers' group as an unprecedented energy crisis triggered by the Iran war exposes discord ...

The 11-member OPEC depends on oil for a large part of government income. Read more at straitstimes.com. Read more at straitstimes.com.

These are hard times for multinationalism. The North Atlantic Treaty Organization lies in tatters, the World Trade Organization is on life support, the World Health Organization is losing its ...

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