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A person stands on shallow water as cargo and commercial vessels are anchored in the Strait of Hormuz.
Business

OPEC cuts oil demand forecast again as Strait of Hormuz closure continues

Molly Parks -
0
FILE - An oil technician climbs down a tower at a refinery in Jebel Ali, United Arab Emirates, about 30 kilometers (18 miles) south of Dubai, in March 2004. (AP Photo/Kamran Jebreili, File)
Energy

UAE says only economics, not politics, affected decision to leave OPEC

David Zimmermann -
0
An oil tanker sits at anchor in the Strait of Hormuz off Bandar Abbas, Iran, Saturday, May 2, 2026.
Energy

OPEC countries cut output as demand slows due to Hormuz blockade

David Zimmermann -
0
DOEDOE
Daily on Energy

Daily on Energy: Gas tax suspension, OPEC oil lows, and EPA tackles permitting

Callie Patteson, Maydeen Merino -
0
The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, on Sunday, April 5, 2026. The United Arab Emirates will leave OPEC and its wider alliance, dealing a blow to the group and its leader Saudi Arabia as the global oil industry grapples with the massive supply disruption caused by the Iran war. Photographer: Andrey Rudakov/Bloomberg via Getty Images
Magazine

In abandoning OPEC for the free market, UAE sees Iran writing on the wall

Tiana Lowe Doescher -
0
United Arab Emirates Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, listens to President Donald Trump speaking during the Gulf Cooperation Council Summit in May 2025.
Beltway Confidential

The UAE’s OPEC departure is more about politics than economics

Alissa Pavia -
0
DOEDOE
Daily on Energy

Daily on Energy: UAE exits OPEC, Zeldin’s climate clash, and a pitch for fusion 

Callie Patteson, Maydeen Merino -
0
United Arab Emirates Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, listens to President Donald Trump speaking during the Gulf Cooperation Council Summit in May 2025.
World

United Arab Emirates quits OPEC alliance

Claire Carter, Keely Bastow -
0
Liberia-flagged tanker Shenlong Suezmax, carrying crude oil from Saudi Arabia and clearing the Strait of Hormuz, is seen at the Mumbai Port in Mumbai, India.
Energy and Environment

OPEC records 27% decrease in Middle East oil production in March

Emily Hallas -
0
DOEDOE
Daily on Energy

Daily on Energy: Artemis II astronauts make record, Iran latest, and an EPA final rule 

Callie Patteson, Maydeen Merino -
0
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