Economics ❯ Global Markets ❯ Oil Prices

Supply and Demand

Market Reactions Market Volatility Venezuelan Economy Market Trends Market Impact Market Stability Inflation Impact of Sanctions Market Dynamics Production Capacity

UAE Quits OPEC, Testing Gulf Unity and Oil Price Discipline

The move weakens OPEC’s grip on prices by freeing a major producer to raise output.

UAE Quits OPEC to Regain Control of Oil Output

UAE Leaves OPEC, Raising Doubts About the Group's Power Over Prices

UAE to Quit OPEC and OPEC+ on May 1, Redrawing Gulf Oil Politics

UAE Exits OPEC and OPEC+ on May 1 to Pursue Its Own Oil Strategy

UAE to Leave OPEC and OPEC+ on May 1 to Regain Control of Oil Output

Iran War Upends Global Energy Trade as Buyers Scramble for Alternatives

Russia Bans Gasoline Exports From April 1 to July 31

U.S. Eases Venezuela Oil Sanctions, Letting PDVSA Sell Under Tight Financial Controls

OPEC Confirms Saudi Output Jump to 10.88 Million bpd in February

U.S. Holds Off on SPR Release as Rubio Readies Phased Plan to Curb Oil Spike

U.S. Moves to Direct Venezuelan Oil as PDVSA Negotiates Sales

Oil on Track for Second Weekly Loss as Supply Builds and Prices Face Fresh Pressure

Halliburton Extends Rally to Five Days as Oil Gains on Russia–NATO Tensions

Trafigura Says India Set to Lead 2025 Oil-Demand Growth as China Leans on Stockpiles

OPEC+ Plans September Production Increase on Forecasted Q3 Demand Surge

India Defends Continued Russian Crude Imports as Key to Global Price Stability

OPEC+ Approves Unprecedented 548,000 BPD August Output Hike

OPEC+ Approves 548,000-Barrel-a-Day August Production Increase

Israel-Iran Attacks Target Energy Infrastructure, Sending Oil Prices Soaring