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Road to Net Zero

Music & On-stage

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Road to Net Zero

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Oil

Latest news about the key commodity driving global economies, markets and energy policies

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

Adnoc headquarters in Abu Dhabi. The company said project contracts will be awarded over the next three years. The National

Adnoc bets $55bn on local supply chains to support $150bn capex plan

EnergyMay 03, 2026

A worker adjusts a valve on a pipeline at Majnoon oilfield, near Basra, Iraq. The country is seeking to step up its oil exports. Reuters

Iraq starts work on Basra-Haditha pipeline for crude oil exports

EnergyMay 01, 2026

Dana Gas chief executive Richard Hall says the company is encouraged by its progress in Egypt, both operationally and in collections Photo: Cadeau

UAE's Dana Gas receives $20m from Egypt to settle outstanding payments

EnergyMay 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 US and Iranian blockades in the Strait of Hormuz remain in place. Reuters

Brent edges closer to $120 amid US-Iran standoff

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

Opec's logo history: A look back after UAE's departure

NewsApril 28, 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

Air conditioners on the side of an apartment building in Pasay, Metro Manila, Philippines. The energy crisis is driving up electricity costs with AC becoming both a necessity and a financial burden. Getty Images

No quick answers to the refining crisis as Hormuz blockade endures

EnergyApril 26, 2026

In another dent to confidence for mariners, Iranian marines stormed a Swiss-managed ship in the Strait of Hormuz this week. AFP

Trapped ships face lengthy delays even when Hormuz opens, industry experts warn

EnergyApril 26, 2026

Electric scooters offered by sharing apps in New Delhi, India. The energy crisis has forced countries reliant on oil imports from the Middle East to promote alternative means of transport. Getty Images

Oil posts sharp 16% weekly gain amid simmering Strait of Hormuz tensions

MarketsApril 24, 2026

A US Navy ship on patrol in the Strait of Hormuz. Photo: US Central Command

Brent oil back above $100 as future of US-Iran talks remains uncertain

MarketsApril 22, 2026

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