Oil holds near $70 as Middle East risk premium fades, Abu Dhabi's Murban defies the trend
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Oil holds near $70 as Middle East risk premium fades, Abu Dhabi's Murban defies the trend
Oil prices were little changed in Asian trading on Monday, with global benchmark Brent crude hovering below $72 a barrel and US West Texas Intermediate (WTI) remaining under $69, as traders weighed easing geopolitical tensions against expectations of resilient summer fuel demand. Based on market da»»»
UAE exit from OPEC unlikely to cut oil prices immediately, may raise volatility: Report
Add TNIE As A Trusted Source The United Arab Emirates’ decision to exit OPEC and the broader OPEC+ alliance is unlikely to trigger an immediate drop in oil prices, but it could inject fresh uncertainty into markets and erode the long-term price stability traditionally associated with the cartel, ac»»»
Impact of UAE exit from OPEC uncertain, India should focus on energy resilience: Sagar Adani
New Delhi [India], April 29 (ANI): The impact of the United Arab Emirates (UAE) exiting OPEC on global energy markets remains uncertain as of now, but in these times, India's key priority should be building energy resilience, highlighted Sagar Adani, Executive Director, Adani Green EnergySpeaking o»»»
Gulf energy shakeup as UAE quits OPEC
ABU DHABI, April 28: The United Arab Emirates announced on Tuesday its decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, with the move set to take effect on May 1, 2026. The Emirates News Agency (WAM) said the decision aligns with the country’s long-t»»»
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