Browsing Tag
OPEC
6 posts
UAE Leaving OPEC Hits Oil Prices as Global Supply Strains Grow
UAE leaving OPEC, effective May 1, 2026, deals one of the biggest blows the oil cartel has taken…
Oil News: UAE to Exit OPEC, OPEC+ After 59 Years
The United Arab Emirates says it plans to leave both the OPEC and OPEC+, significantly impacting the oil…
Brent Rises 1.5% as OPEC’s 137K bpd Boost Calms Glut Fears
Brent crude price jumped 1.5% on Monday after OPEC+ announced a modest 137,000 barrels per day production increase,…
JPMorgan Slashes Oil Forecast to $58 as Brazil Defies OPEC+
JPMorgan’s oil forecast has been dramatically cut to $58 per barrel for 2026, and this represents a significant…
Kazakhstan Breaks OPEC Unity—Commerzbank Warns of De-Dollarization!
The recent operations of Kazakhstan work to accelerate global de-dollarization initiatives by creating complications for OPEC’s unified market…
OPEC+ Holds Firm: What Tight Oil Prices Mean for Global Markets
Oil prices are staying steady as global oil markets watch closely. Brent crude sits at $72 per barrel…