OPEC
Trump admin likely to sign a deal with Venezuela to access its oilfields: How will it work? What are the legal hurdles?
US President Donald Trump's administration is reportedly negotiating a deal for long-term US access to Venezuelan oilfields, potentially lowering oil import costs and boosting output. The proposal could involve long-term leases and US companies developing the fields.
2 min read28 Aug 2026Venezuela Weighs OPEC Exit After Decades as It Deepens US Ties
Venezuela is closely examining plans to leave OPEC, according to people familiar with the matter, delivering a fresh blow to the oil cartel it helped create more than six decades ago.
4 min read28 Aug 2026OPEC oil output hike is irrelevant for now, not for later: Russell
OIL-OPEC/COLUMN-RUSSELL (ROI):ROI-OPEC oil output hike is irrelevant for now, not for later: Russell
3 min read3 Aug 2026OPEC+ approves 188,000 bpd oil output hike for September amid supply disruptions, fully reverses 2023 output cuts
The September quota increase completes the rollback of the 1.65 million bpd voluntary production cut agreed in 2023, when the UAE was still part of the production management arrangement
2 min read2 Aug 2026OPEC Agrees in Principle to Small Quota Hike, Delegates Say
Major OPEC nations have agreed in principle to another token increase in their production quotas for September, a move that would complete the theoretical revival of supplies halted in 2023 and give them scope to add more barrels once the Middle East war ends.
1 min read2 Aug 2026Oil prices rebound by more than $2 a barrel on prospect of tightening US crude supplies
GLOBAL-OIL/:Oil prices rebound by more than $2 a barrel on prospect of tightening US crude supplies
1 min read29 Jul 2026Opec's loss may be India’s gain: How the UAE's exit from the cartel could ease our oil import bills
The United Arab Emirates' exit from Organization of the Petroleum Exporting Countries could mean it gets to raise oil production and pump more of it through its Fujairah pipeline that bypasses Hormuz. Both could serve India’s energy interests.
4 min read4 May 2026Oil slips after Trump says US will help free ships stranded in Strait of Hormuz
Oil prices fell on Monday after President Trump announced efforts to free stranded ships in the Strait of Hormuz, yet remained above $100 due to ongoing U.S.-Iran tensions. Brent crude dropped to $107.53, while U.S. West Texas Intermediate fell to $101.10 amid stalled peace negotiations.
1 min read4 May 2026OPEC members increase oil production quota by 188,000 bpd, no word on UAE's withdrawal amid war in West Asia
Saudi Arabia, Russia, and five other OPEC members increased their oil production quota by 188,000 barrels per day, despite the UAE's recent withdrawal. Analysts suggest this move aims to project stability amid ongoing market disruptions from the Mideast conflict.
3 min read3 May 2026Shots in Washington, shock in oil: UAE exit from Opec signals a new world order
From an alleged assassination attempt on Donald Trump to the UAE’s break with Opec, a volatile week exposes rising political violence and fractured global alliances.
5 min read2 May 2026Wait for it…
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