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              Opec

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

              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
              Opec no longer controls the market it still claims to manage. Reuters

              Opec's days of manipulating the market are over

              CommentApril 30, 2026
              Opec undoubtedly played an important role in the Middle East and in the world economy but its rules no longer enable the UAE's growth. EPA

              Why leaving Opec makes sense for the UAE

              EditorialApril 30, 2026
              Pump jacks in California. US output has surged by more than 8 million bpd since 2015, the IEA says. AFP

              UAE exit leaves Opec facing more rivals with limited buffers

              EnergyApril 29, 2026
              The UAE was pumping close to 30 per cent below what it was capable of. The National
              Play06:24

              UAE's exit from Opec paves way for independent oil strategy

              EnergyApril 29, 2026
              'Strategic autonomy is the UAE's North Star,' one analyst has said. Victor Besa / The National

              UAE's Opec exit follows country's plan for strategic autonomy

              EnergyApril 28, 2026
              Abu Dhabi was a founding member of Opec nearly 60 years ago. Photo: Bloomberg
              Play01:35

              UAE announces it will leave Opec

              EnergyApril 28, 2026
              Residents of Banda Aceh, Indonesia, form a long queue at a petrol station, amid a sharp drop in oil production. EPA

              Opec's output falls by nearly 8 million bpd in March in the worst supply shock in decades

              EnergyApril 13, 2026
              Erbil oil refinery operations have been disrupted as Iraq cuts production amid the Iran conflict and the Strait of Hormuz blockade. Getty Images

              Opec+ approves ‘in principle’ May output increase amid war-related supply disruptions

              EnergyApril 05, 2026
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