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Brent Crude Slides Below $72 Amid Growing Supply Pressure
Brent crude fell below the $72 per barrel threshold on Monday, reaching its lowest level since late February. The decline is linked to a gradual return of oil flows through the Strait of Hormuz and the announcement that OPEC+ members will modestly increase their production quotas.
Nine OPEC+ countr...

UAE Fast‑Tracks New West‑East Oil Pipeline to Secure Export Routes Amid Hormuz Tensions
The United Arab Emirates have ordered a faster delivery of the West‑East oil pipeline, a 360‑km project that will double ADNOC’s export capacity throu...

OPEC+ Approves Third Consecutive Production Hike Amid Strait of Hormuz Tensions
OPEC+ has consented to raise its output by roughly 188,000 barrels per day in June, marking the third straight monthly increase since the United State...

UAE to Exit OPEC and OPEC+ Effective May 1, 2026, Shaking Global Energy Cartel
The United Arab Emirates announced on April 28, 2026, that it will withdraw from OPEC and OPEC+ effective May 1, 2026, in a move that deals a major bl...
