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Opec

Latest news from the body based in Vienna, regulating global oil production and pricing

Opec is set to collectively add 188,000 barrels per day next month. Bloomberg

Opec+ agrees output rise in September amid uneasy pause in Iran war

EnergyAugust 02, 2026
US President Donald Trump with Iraqi Prime Minister Ali Al Zaidi in the Oval Office of the White House in Washington, DC. Reuters

Iraq's Al Zaidi says Baghdad needs 'fair share' from Opec

EnergyJuly 14, 2026
A vessel on the Strait of Hormuz as seen from Bandar Abbas, Iran. Traffic on the key chokepoint for global energy exports has been gradually improving. Reuters

Opec+ to raise output for fifth month amid uneasy US-Iran truce

EnergyJuly 05, 2026
The unloading of oil from lorries arriving from Iraq at the Baniyas oil terminal in Syria. Reuters

Iraq threatens to leave Opec if quota demands not met

BusinessJune 25, 2026
The Ruhr Oel petroleum refineries in western Germany. Global oil demand is forecast to decline by 1.1 million bpd this year. AFP

IEA warns of slow Gulf oil recovery even as Hormuz deal nears

EnergyJune 17, 2026
Vessels anchored in the Strait of Hormuz. Opec said global oil demand is expected to rebound next year. Reuters

Opec cuts oil demand outlook for this year again as Iran war disrupts markets

EnergyJune 11, 2026
Opec's headquarters in Vienna. Reuters

Opec+ to raise output by 188,000 bpd despite Hormuz closure

EnergyJune 07, 2026
President Sheikh Mohamed is received by Indian Prime Minister Narendra Modi, in New Delhi during a working visit in January. Photo: UAE Presidential Court

Indian Prime Minister Narendra Modi’s short UAE visit to 'deepen brotherly ties'

UAEMay 15, 2026
A worker fills the tank of a customer's motorcycle at a petrol station in Peshawar, Pakistan. Prices for distillates – diesel and jet fuel – have reached alarming heights in some markets. EPA

Don't be fooled by cheap oil

EnergyMay 11, 2026
Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, attends a panel at the Make it in the Emirates event in Abu Dhabi. Reuters

UAE sets out plans to take energy, trade and defence to next level

EnergyMay 05, 2026
For much of its history, Opec worked because its members moved in broadly the same direction. Bloomberg

Can Opec survive the UAE's exit?

CommentMay 04, 2026
Suhail Al Mazrouei at the opening ceremony of Make it in the Emirates in Abu Dhabi on Monday. Reuters

UAE left Opec and Opec+ on 'good terms', energy minister says

EnergyMay 04, 2026
At this moment, Opec should be encouraging everyone who can to produce at maximum. Getty Images

Opec’s future in question as the UAE builds its own energy system

EnergyMay 03, 2026
Producers are balancing supply policy with lingering output constraints from the Iran war. Reuters

Opec+ producers agree to raise output from June

EnergyMay 03, 2026
The Emirates has parted ways with the group of oil producers after five decades. Getty Images

Opec exit to unlock new energy and economic playbook for UAE

EnergyMay 01, 2026
The headquarters of Opec in Vienna, Austria. The UAE is leaving the organisation after nearly six decades. Bloomberg

The UAE’s decision to leave Opec aligns with its general direction of travel

FeedbackMay 01, 2026
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