The Iran war exposed a long-simmering feud within the world’s most powerful oil cartel, boiling over this spring when it ...

the group has lost a chunk of its production. Less control over supply means less control over prices. The next concern is the domino effect. Analysts are already speculating about who will leave next ...

The cartel still matters—but the Hormuz crisis and the UAE’s exit show that relevance is no longer the same as control.

This debate examines whether OPEC still shapes global oil markets or whether shifting geopolitics and production trends have overtaken its influence.

The United Arab Emirates announced that it will leave OPEC effective May 1. The departure will weaken OPEC’s leverage over global oil supplies and prices. Meanwhile, the average price of regular gas ...

From petrol prices to global power — here's why OPEC still shapes your world Dubai: The United Arab Emirates (UAE) has been part of the global oil conversation for decades through its membership in ...

SINGAPORE: The Organization of the Petroleum Exporting Countries (OPEC) will have one fewer member from Friday (May 1) after the United Arab Emirates (UAE) announced its decision to leave the oil ...

These are hard times for multinationalism. The North Atlantic Treaty Organization lies in tatters, the World Trade Organization is on life support, the World Health Organization is losing its ...

FILE PHOTO: An installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) is seen during the COP29 United Nations climate change conference in Baku, ...