The United Arab Emirates (UAE) has announced that it is quitting the 12-member Opec and its larger cousin, Opec+ from May 1. While this move hurts the oil cartel, it could be good news for India, as i …
United Arab Emirates will leave OPEC in a blow to the oil cartel
The United Arab Emirates will leave OPEC effective Friday, stripping the oil cartel of its third-largest producer and further weakening its leverage over global oil supplies and prices.
UAE to walk out of Opec, Opec+; India may gain from supply shifts
The UAE, with capacity of around 4.8 million barrels per day, has long been one of the most influential and compliant members of Opec+, and is currently the fourth-largest producer in the alliance …
UAE can immediately raise oil output by 1 million barrels a day: Good news for India?
The exit is expected to reshape global oil markets, with potential benefits for India in terms of better crude availability, lower prices and stronger energy ties.
Oil churn: How the UAE’s exit from Opec may benefit New Delhi
While Opec accounts for around 40% of India’s oil needs, UAE accounts for around a tenth of India’s overall oil imports. India is a net energy import with 90% of its oil requirement being imported.
UAE exits OPEC after 60 years; India may gain from higher supply, lower prices
United Arab Emirates exit from OPEC is set to increase oil supply flexibility, potentially lowering crude prices and benefiting India.
Roundup: Offshore wind leases / UAE exiting OPEC / McDonald’s beverages
The Trump administration announced two more payouts Monday for energy companies to walk away from U.S. offshore wind projects under development. Bluepoint Wind and Golden State Wind have agreed to end …
Roundup: Offshore wind leases / UAE exiting OPEC / McDonald’s beverages
The Trump administration announced two more payouts Monday for energy companies to walk away from U.S. offshore wind projects under development. Bluepoint Wind and Golden State Wind have agreed to end …
UAE’s largest offshore yard hit sees net profit drop 63% on ‘cost overruns’ and logistics challenges
NMDC Energy is a key offshore contractor for the state giant Adnoc, which is embarking on a major investment drive to boost its oil production capacity to 5 million bpd …
UAE’s largest offshore yard hit sees net profit drop 63% on ‘cost overruns’ and logistics challenges
NMDC Energy is a key offshore contractor for the state giant Adnoc, which is embarking on a major investment drive to boost its oil production capacity to 5 million bpd …
United Arab Emirates ditches OPEC
The United Arab Emirates announced on Tuesday that it will depart from the Organization of the Petroleum Exporting Countries on May 1, 2026. In an official statement delivered via the Emirates News …
Sharjah Police arrest man for producing drug-laced E-cigarettes
The Sharjah Police General Command, through its Directorate of Drug Prevention and Control, has reported the arrest of an Asian national after …
Sharjah Police arrest man for producing drug-laced E-cigarettes
The Sharjah Police General Command, through its Directorate of Drug Prevention and Control, has reported the arrest of an Asian national after …
Sharjah Police arrest man for packing drugs into e-cigarettes to distribute
The suspect had converted his residence into a small facility for filling electronic cigarettes and packaging them with narcotic substances …
UAE leaves Opec in huge blow to global oil producers’ group
The United Arab Emirates said on Tuesday it quit Opec and Opec+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a …
United Arab Emirates leaving OPEC, effective May 1
The UAE was the third-largest producer in OPEC in February, behind Saudi Arabia and Iraq.
UAE announces decision to exit OPEC & OPEC+
The United Arab Emirates on Tuesday announced its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC and OPEC+), effective 1 …