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          Opec

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

          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
          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
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