UAE Announces Exit from OPEC and OPEC+ Starting May 1
The UAE will leave OPEC and OPEC+ on May 1, 2026, seeking flexibility to meet growing global energy demand amid regional export risks.
Oil Exports
Drone Strikes Disrupt Russian Energy Exports as Ukraine Intensifies Campaign
Recent Ukrainian drone strikes target Russia’s Primorsk port and NORSI refinery, disrupting oil exports and escalating regional tensions. Analysis of impacts on global markets.
Gulf Oil Exporters Diversify Routes Amid Hormuz Disruptions
Major Gulf oil producers accelerate alternative export routes as Strait of Hormuz disruptions persist, reshaping global energy logistics in 2026.