OPEC

OPEC

FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger

OPEC+ approves fourth oil output quota hike since Hormuz closure

The war has cut oil flows via the Strait of Hormuz, creating the world’s biggest-ever supply crisis as key OPEC+ members including Saudi Arabia have been unable to supply customers in full since...

For now, it seems the Russia-Saudi alliance will focus on oil. Photo: REUTERS

Russia and Saudi Arabia draw closer amid OPEC upheaval

Illustration: Ashrafun Naher Ananna/TBS Creative

Leading crude oil producers among Opec members in 2025

The UAE flag flies over a boat at Dubai Marina, Dubai, United Arab Emirates. File Photo: Ahmed Jadallah/Reuters

UAE exits Arab oil exporter group OAPEC

The UAE flag flies over a boat at Dubai Marina, Dubai, United Arab Emirates. File Photo: Ahmed Jadallah/Reuters

Not by oil alone: the message from the UAE’s exit from OPEC

A model of an oil pump is seen in front of a Russian flag in this illustration taken January 9, 2026. Photo: Reuters

Russia says OPEC+ will continue after UAE exit, no price war expected

What the UAE’s departure from OPEC means for global oil markets

What the UAE’s departure from OPEC means for global oil markets

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen inside its headquarters in Vienna, Austria, 7 December, 2018. Photo: Reuters

What UAE’s exit from OPEC means for global oil markets

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration

UAE leaves OPEC and OPEC+ in major blow to global oil producers' group

Opec+ agrees to boost oil output when Strait of Hormuz reopens

Opec+ agrees to boost oil output when Strait of Hormuz reopens

People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. Photo: REUTERS/Maxim Shemetov/File Photo

OPEC+ debates oil output boost as US war on Iran disrupts shipments

A view shows oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. Photo: REUTERS/Stringer/File Photo

OPEC+ pauses oil output hikes beyond December amid glut fears

A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Photo: REUTERS/Dado Ruvic/Illustration/File Photo

OPEC+ to proceed with planned April oil output hike