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Opec

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

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

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

06:24

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

EnergyApril 29, 2026

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