The price of gasoline is set to drop as the Organization of Petroleum Exporting Countries (OPEC) appears poised to collapse, experts predict. OPEC has long kept crude oil prices higher than they would ...
OPEC’s crude output fell further last month as the near-closure of the Strait of Hormuz forced major Gulf producers to curb production and reroute exports, prompting the cartel to cut its demand ...
Mr. Bordoff is the founding director of the Center on Global Energy Policy at Columbia University’s School of International and Public Affairs. See more of our coverage in your search ...
In a blockbuster announcement last week, the United Arab Emirates announced that it would leave the Organization of Petroleum Exporting Countries (OPEC) on May 1. The UAE has been a member of the oil ...
Seven oil-producing nations in OPEC+ — including Saudi Arabia and Russia — say they’ve agreed to a modest output increase in ...
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OPEC+ countries agree modest rise in production as Iran retains chokehold on key Strait of Hormuz
Seven countries in the OPEC+ grouping of oil-producing countries — including Saudi Arabia and Russia — say they’ve decided to a modest increase in production starting in June as part of a commitment ...
Forbes contributors publish independent expert analyses and insights. James Broughel is an economist focused on the economics of regulation. The skyline of Dubai, United Arab Emirates. Oil prices ...
It’s been a wild week. The United Arab Emirates exited OPEC, President Donald Trump is preparing for a long blockade of the Strait of Hormuz, and there’s no peace deal in sight. Today I’m diving into ...
The United Arab Emirates (UAE) has announced that on May 1, it will leave both the Organization of the Petroleum Exporting Countries (OPEC) and the larger OPEC+ group. By withdrawing, the UAE will now ...
President Donald Trump, a longtime critic of the Organization of the Petroleum Exporting Countries (OPEC), who has accused the group of "ripping off the rest of the world,” on Wednesday praised the ...
The United Arab Emirates (UAE) announced Tuesday it would quit membership in the Organization of Petroleum Exporting Countries (OPEC) and OPEC+. It comes after 59 years at the club. But it could be ...
Countries including Qatar, Ecuador and Angola have left OPEC in past years. "While the UAE has left OPEC, they were not the first and may not be the last": Andy Lipow, president of Lipow Oil ...
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