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Indonesia Worried Attacks on UAE Oil Facility Harm Energy Security

... Monday. The United Arab Emirates (UAE) has blamed Iranian drones for ... and gas imports from the UAE totaled $384.7 million in ... a week since the UAE quit the world’s oil cartel OPEC. Foreign Ministry ... not long ago that the UAE’s departure “would not take a ...
News May 6, 2026 | 1:37 pm

Indonesia Says UAE's OPEC Exit Won't Strain Ties

... or the UAE is about to quit the OPEC and OPEC+ groups ... on Thursday. “The UAE's policy [of quitting OPEC] will not take a ... established.” Reports show that OPEC has struggled with Saudi ... -making. Aside from the UAE, the OPEC includes Algeria, Congo, Equatorial ...
News Apr 30, 2026 | 6:01 pm

JCI Stays Afloat at 7,101, But Rally Runs Into Fed, Oil Risks

... the Petroleum Exporting Countries (OPEC), potentially weakening the cartel’s ... Future The UAE’s planned exit from OPEC on Friday has ... by output constraints under OPEC quotas, which have kept ... added that the UAE’s departure “will reduce OPEC’s effectiveness in ...
Business Apr 29, 2026 | 4:09 pm

What’s at Stake as UAE Walks Away From OPEC

... OPEC+, an alliance with 10 additional producers led by Russia. UAE ... between the UAE and Saudi Arabia, OPEC’s largest producer ... Potential Impact on OPEC’s Influence The UAE’s departure removes one ... prices. “A structurally weaker OPEC, with less spare capacity ...
Business Apr 29, 2026 | 10:24 am

OPEC+ Raises Output by 206,000 bpd, but Hormuz Disruption Pushes Oil Prices to $120

Jakarta. Eight core OPEC+ producers agreed to increase oil ... 5, Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman ... the shipping route stays disrupted. OPEC+ also reiterated its commitment to ...
Business Apr 6, 2026 | 12:32 pm

Putin Visits Saudi Arabia and UAE as Ukraine War Grinds on

... the country's ruler, the UAE's military acrobatics team flew in ... security partner, highlights the UAE's expansive business ties to ... the Mideast, particularly the UAE, which reached diplomatic recognition ... oil. Russia is part of OPEC+, which is a group of ...
News Dec 6, 2023 | 6:55 pm

Putin to Discuss Israel-Hamas War During Trip to Saudi Arabia, UAE

... to oil price caps under OPEC+ will also be on the ... . Neither Saudi Arabia nor the UAE have signed the ICC’s founding ...
News Dec 5, 2023 | 8:27 pm
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