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LN24 > Blog > UAE OPEC exit
02
May

OPEC+ Set for Another Oil Output Quota Hike Despite Hormuz Closure, Sources Say

  • LN24 / 4 hours
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  • 3 min read

The OPEC+ alliance is set to approve another modest increase in oil production quotas for June, pressing ahead with its supply strategy despite the ongoing closure of the Strait of Hormuz, one of the world’s most critical oil shipping routes, according to sources familiar with the matter. Planned Output Increase Continues “Business as Usual” Seven […]

29
Apr

UAE Reviewing Multilateral Ties after OPEC Exit but Rules out more departures, official says

  • LN24 / 3 days
  • 0
  • 3 min read

The United Arab Emirates (UAE) is reviewing its participation in multilateral organisations following its decision to withdraw from OPEC, but has ruled out further departures for now, according to a senior official. The statement comes amid heightened speculation that Abu Dhabi could reassess its membership in other regional blocs, including the Arab League and the […]