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SAUDI ARABIA BREAKING NEWS
UAE to leave OPEC and OPEC+ in major reset of Gulf oil strategy
Cracking towers stand at the Ruwais refinery and petrochemical complex, operated by Abu Dhabi National Oil Co. (ADNOC), in Al Ruwais, United Arab Emirates.Christophe Viseux/Bloomberg/Getty Images The United Arab Emirates will withdraw from OPEC and OPEC+ effective May 1, 2026, in one of the most significant shifts in Gulf energy policy in recent years and a move that could weaken the cohesion of the producer alliance led by Saudi Arabia. The decision was announced through sta
Apr 282 min read
OPEC+ expected to approve small increase in oil output target – sources
📷 A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk Vienna, November 3 (Saudi Arabia Breaking News) – OPEC+ is set to approve a modest rise in oil production targets for December, according to three sources familiar with the ongoing discussions, as the producers’ group takes a cautious approach amid rising concerns about a potential supply surplus. The 23-member group, led by Saudi Arabia and Russia, h
Nov 2, 20252 min read
OPEC Secretary General Marks 65th Anniversary, Says Oil to Remain Vital for Decades
Vienna, September 14, 2025 (Saudi Arabia Breaking News) – OPEC Secretary General Haitham Al Ghais said on Sunday that the Organization of...
Sep 14, 20251 min read
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