The Gulf state is the latest to quit the group, which was created to form a united front on oil pricing. The United Arab Emirates has announced its withdrawal from OPEC and the wider OPEC+ framework, removing a core pillar of one of the most influential groups in the energy world. The Gulf country, with…
The United Arab Emirates dealt a major blow to some of the world’s biggest oil producers on Tuesday when it announced that it was leaving the OPEC oil cartel that has for decades sought to control global prices and fuel supplies. A coalition of around a dozen oil exporters, OPEC has steered prices by setting…
Shorouk Express Economy Materials 13 October 2025 23:03 (UTC +04:00) Global oil demand is projected to increase by around 1.3 million barrels per day (mb/d) in 2025, according to OPEC’s latest assessment. Access to paid information is limited If You already have a account, please log in Subscription to…
