The UAE's departure from OPEC could trigger a domino effect, experts say, potentially leading to lower gasoline prices within ...

The United Arab Emirates, which joined OPEC in 1967, announced last month it was leaving the oil producer group on May 1.

President Donald Trump, a longtime critic of the Organization of the Petroleum Exporting Countries (OPEC), who has accused ...

Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of ...

The Arab oil producer has long expressed frustration with the quotas it has to follow as part of OPEC, the cartel of major state-owned oil producers.

Recently, a listener wrote in with a question about OPEC and oil prices. She was prepping for a camping trip… thinking about ...

The decision by the United Arab Emirates to leave the OPEC oil cartel has shaken up the 65-year-old alliance that produces some 40% of the world’s crude oil and exerts major influence over the price ...

Nigeria is edging closer to attaining the 2.5 million barrels per day crude oil production target set by the Organisation of Petroleum Exporting Countries (OPEC), following sustained improvements in ...

It now forecasts global oil-demand growth of 1.17 million barrels a day this year, from 1.38 million previously.

The United Arab Emirates will leave OPEC effective Friday, stripping the oil cartel of its third-largest producer and further ...

The UAE announced it is quitting OPEC after 59 years, a move experts say could boost oil production and ultimately lower global energy prices.

The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.