Articles tagged with "OPEC+"

5 articles found

ADNOC refinery site in Ruwais, UAE. (File photo: Wikimedia Commons)

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

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

A man walks on Wall St. outside the NYSE in New York

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