Opec – War Watch

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Could the UAE’s shock exit from Opec cause an oil price war?
ByJillian Ambrose April 30, 2026

A standoff between Gulf oil giants Saudi Arabia and the UAE could cause greater market volatility for years to comeThe conflict in the Middle East has claimed Opec as the latest casualty of war. The United Arab Emirates’ shock exit from the oil cartel …

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Ayatollah Ali Khamenei | Benjamin Netanyahu | Donald Trump | Fossil fuel divestment | Fossil fuels | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Opec | Palestinian territories | Petrol prices | Renewable energy | Saudi Arabia | Strait of Hormuz | Trump administration | United Arab Emirates

The Guardian view on the UAE quitting Opec: whatever importers pay, the price of fossil fuels is too high | Editorial
ByEditorial April 29, 2026

The world must accelerate the shift to renewables, regardless of the economic effects of Abu Dhabi’s decisionOpec appears to be the latest casualty of the Iran war. On Tuesday, the United Arab Emirates announced that it was leaving the oil cartel after…

Read More The Guardian view on the UAE quitting Opec: whatever importers pay, the price of fossil fuels is too high | Editorial
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Opec | Palestinian territories | Petrol prices | Saudi Arabia | Trump administration | United Arab Emirates | World news

How the UAE’s decision to leave Opec could recast the Middle East
ByPatrick Wintour Diplomatic editor April 28, 2026

Defection is damaging to Saudi Arabia’s prestige – and could strengthen the US hand in the regionThe United Arab Emirates’ decision to walk out of Opec is a political as much as business decision, and will reignite the simmering rows between the UAE an…

Read More How the UAE’s decision to leave Opec could recast the Middle East
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Opec | Palestinian territories | Petrol prices | Saudi Arabia | Strait of Hormuz | UK news | United Arab Emirates | US news | US-Israel war on Iran | World news

UAE quits Opec in win for Trump as oil cartel weakened
ByReuters April 28, 2026April 28, 2026

US president has accused organisation of ‘ripping off the rest of the world’ by inflating oil pricesThe United Arab Emirates has quit the Opec oil cartel after 60 years of membership, in a heavy blow to the group and its de facto leader, Saudi Arabia, …

Read More UAE quits Opec in win for Trump as oil cartel weakened
Ayatollah Ali Khamenei | Bahrain | Benjamin Netanyahu | Business | Commodities | Donald Trump | Energy industry | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Kuwait | Middle East and north Africa | Nuclear weapons | Oil | Opec | Palestinian territories | Petrol prices | Strait of Hormuz | United Arab Emirates | US news | US-Israel war on Iran | World news

Iran strikes Kuwait’s oil infrastructure before Opec+ supply talks
ByKalyeena Makortoff and agencies April 5, 2026April 5, 2026

Members reportedly agree a rise of 206,000 barrels a day in May, but move symbolic while strait of Hormuz is effectively closedMiddle East crisis – live updatesIranian drones have struck Kuwait’s oil infrastructure, causing “severe material damage” tha…

Read More Iran strikes Kuwait’s oil infrastructure before Opec+ supply talks
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Economics | Energy industry | Gaza | Global economy | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Oil and gas companies | Opec | Palestinian territories | Petrol prices | Strait of Hormuz | US-Israel war on Iran

Will releasing millions of barrels of oil stockpiles really bring down fuel costs?
ByHeather Stewart March 11, 2026March 11, 2026

Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress pricesIEA orders largest ever release of stockpiled oil to reduce crude priceHow the Iran conflict could affect energy prices – vide…

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