The UAE's 2026 exit from OPEC and plans to hit 5 million barrels per day by 2027 signal a shift as the Hormuz closure drives prices. Learn why OPEC's power is weakening.

The group of oil-producing countries supplied more than 25 percent of the world’s oil before the war in Iran. Its members have influenced energy markets through the years.

After bearing the brunt of Iran’s counterattack, the financial powerhouse is strengthening ties with Israel and challenging Saudi Arabia.

University of Massachusetts Amherst economist Gregor Semieniuk is proposing a 'reverse OPEC'—a coalition of oil-importing nations to cap purchase prices—as global fuel shortages escalate. The call comes amid severe supply disruptions from the Iran ...

OPEC faces challenges as the UAE exits, impacting its influence and market stability amid changing global energy dynamics.

The UAE has faced repeated missile and drone attacks by Iran, a fellow OPEC member, as it responds to the U.S.-Israeli war.

Iran’s attacks on Gulf states have forced Abu Dhabi to rethink its place within the Saudi Arabia-led diplomatic architecture, analysts say.