Shifting Sands: UAE Exits OPEC+ Alliance as 2026 Begins
The UAE’s withdrawal from the OPEC+ oil alliance on May 1, 2026, marks a pivotal moment for global energy markets, testing the group’s influence on prices and regional cooperation.
OPEC+
Russia Vows to Stay in OPEC+ After UAE Announces Exit
Russia commits to OPEC+ membership after the UAE announces its exit, highlighting efforts to stabilize oil markets amid geopolitical changes.
UAE to Exit OPEC and OPEC+ Starting Next Week
The UAE has announced its withdrawal from OPEC and the OPEC+ alliance, effective May 1, 2026, citing a need for greater flexibility to meet global energy demand.
US-Iran Tensions Escalate as Deadline Looms Over Strait of Hormuz
As the US-Iran standoff intensifies, Tehran claims downing 12 US aircraft while OPEC+ plans oil production hikes amid global energy concerns.
OPEC+ Announces Oil Output Hike Amid Global Energy Crisis
OPEC+ agrees to boost oil output by 206,000 barrels daily in May 2026 amid Middle East tensions and supply disruptions.
US Energy Strategy Sparks Global Crisis as OPEC+ Prepares Key Meeting
As OPEC+ convenes to address soaring oil prices, US actions in Iran deepen global energy instability, straining alliances and economies.
Iran Conflict Fuels Global Energy Crisis Ahead of OPEC+ Meeting
Ongoing Iran conflict disrupts global energy markets ahead of critical OPEC+ meeting, driving inflation and supply chain instability across Asia and Europe.
US Strikes on Venezuela: Limited Impact on Global Energy Markets Predicted
Experts analyze how 2026 U.S. strikes on Venezuela may affect global energy markets, citing OPEC+ stability and Venezuela’s production challenges as mitigating factors.
Trump’s Venezuela Oil Strategy Faces Market Realities in 2026
US military moves in Venezuela fail to disrupt global oil markets as 2026 surplus overshadows geopolitical risks. Analysis by KhabarAsia.
Brazil Joins OPEC+ Ahead of COP30, Eyes Amazon Oil Expansion
Brazil joins OPEC+ nine months before COP30, aiming to expand oil drilling in the Amazon. Environmental groups criticize the move as contradictory.
Eight OPEC+ Members Extend Oil Output Cuts Through December
Eight OPEC+ member countries have agreed to extend their voluntary oil output cuts by one month, pushing reductions through December in response to ongoing weak oil prices.