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OPEC
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auto-detected in 46 stories
19 days ago
Exploring the OPEC of memory
29 days ago
CNBC Daily Open: Oil worries flare as tech's winners split from the pack ⊖
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a story from CNBC ⚠️ › World News
Renewed Middle East tensions are in focus, after Iran reportedly attacked a cargo ship, OPEC faces potential exit of Iraq, and Iran and the U.S. disgree over funds use.
30 days ago
Iraq piles pressure on OPEC over quota dispute after UAE exit ⊖
Reuters reported that though Iraq had considered leaving OPEC, the current plan is to remain a member of the group while seeking a higher output quota.
36 days ago
Oil drifts lower as Strait of Hormuz reopens, focus shifts to demand outlook ⊖
With immediate supply fears fading and tanker traffic returning to the Strait of Hormuz, traders are turning their attention back to oil demand and OPEC's outlook for the market.
48 days ago
OPEC+ set for fourth oil quota hike since Strait of Hormuz closure, sources say ⊕
Seven members of OPEC+, which groups OPEC and allied producers including Russia, increased output quotas from April to June by almost 600,000 barrels per day.
51 days ago
Saudi energy minister calls for ‘stable energy sector’ during Russia visit ⊕
Prince Abdulaziz bin Salman and other top OPEC officials visit the St Petersburg International Economic Forum.
59 days ago
Why the UAE walked away from OPEC ⊖
The United Arab Emirates’ decision to leave OPEC after nearly 60 years marks a major shift in the global oil order. Officially framed as an economic decision, the move reflects Abu Dhabi’s frustratio…
70 days ago
UAE says its decision to leave OPEC was a strategic economic move, not a political one ⊕
The United Arab Emirates, which joined OPEC in 1967, announced last month it was leaving the oil producer group on May 1.
72 days ago
Oil struggles for direction as IEA flags greater volatility ahead, OPEC cuts demand forecast ⊖
OPEC cut its demand growth estimates for 2026 to about 1.2 million barrels per day.
73 days ago
OPEC sees slower demand growth this year as production falls more than 30% on Hormuz closure ⊕
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Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of the Hormuz.