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Opec

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

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
Oil tankers transit the Strait of Hormuz, where traffic has been disrupted after recent attacks. Reuters

Opec+ agrees 206,000 bpd increase as Iran conflict tests supply routes

EnergyMarch 01, 2026
A protester rally in Manila, Philippines against the US military actions in Venezuela. EPA

Is the clock turning back on national sovereignty over natural resources?

EnergyJanuary 26, 2026
Opec+ has kept oil output unchanged amid global oversupply risks. Reuters

Four Opec+ producers plan to triple compensation cuts by June

EnergyJanuary 07, 2026
A satellite image shows the Skipper, a Venezuela-related vessel seized by the US on December 10, offshore Texas. Venezuelan heavy crude is widely used in US refineries. EPA

Opec+ opts for caution as US takeover of Venezuela oil adds supply risks

EnergyJanuary 04, 2026
An oil glut is expected to overwhelm markets and depress prices next year. Reuters

Oil poised for sub-$60 territory in 2026 amid rising output

EnergyDecember 31, 2025
Rings formed by towers from the Amazon Face research project, where scientists pump carbon dioxide into the rainforest canopy to simulate future atmospheric conditions and study long-term climate effects, in Manaus, Brazil. Reuters

Our children in 2100 will inherit today’s energy decisions

EnergyDecember 29, 2025
Opec+ has announced pause in production rises for the first quarter of next year. Reuters

Opec+ agrees to keep output levels unchanged

EnergyNovember 30, 2025
Oil storage tanks near Moscow. Sanctions on Russian oil have prevented a glut from forming in global markets, traders say. Bloomberg

Oversupply expected to hit oil market next year, say traders

EnergyNovember 05, 2025
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