Brent Crude Rises 3 Percent
The United Arab Emirates' decision to exit OPEC Plus is expected to be welcomed by President Trump, according to reports from the Times. The group is also facing operational difficulties due to drone strikes on infrastructure. Before recent tensions in the Strait of Hormuz, the production share of the UAE and other OPEC nations exceeded 10 percent. Expert Haydar Uğur noted the UAE's role in OPEC policy, citing its position as the fifth largest in reserves and fourth in daily production capacity. The United Arab Emirates is considering an exit from OPEC, according to reports monitored by Business FM Russia. Bloomberg estimates the decision may have limited immediate market impact due to US-Iran tensions constraining Persian Gulf exports. However, Reuters suggests the move could lead to a long-term decline in oil prices.
Topics
Developing
- 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
“the decision by UAE is likely to to be welcomed by President Trump. ... it hurts oil producing countries like the US, Canada, others that are not inside OPEC.”
“decision by UAE is likely to to be welcomed by President Trump.”
“decision by UAE is likely to to be welcomed by President Trump. $111 a barrel driving, who's accused OPEC of ripping off the rest of the world”
“decision by UAE is likely to to be welcomed by President Trump. $111 a barrel driving”
“No noticiário internacional, os Emirados Árabes anunciaram a saída da OPEP em disputa com a Arábia Saudita.”
“No noticiário internacional, os Emirados Árabes anunciaram a saída da UPEP em disputa com a Árabia Saudita.”
“the UAE has made the shock announcement it is leaving OPEC.”
“亞聯由宣佈5月16日起退出石油輸出國組織OPAC”
“亞聯由宣佈5月16日起退出石油輸出國組織OPAC及其”
“亞聯由宣佈5月16日起退出石油輸出國組織OPAC及其... 阿聯酋現在是OPEC主要產油國之一”
“Объединенные арабские мераты выходят из ОПЕКО и ПЕКПЛЮС с 1 мая. Власть уверяет, что при принятии решения они ни с кем не консультировались, и это соответствует долгосрочной экономической стратегии страны.”
“Une décision surprise ce mardi. les Emirats arabes unis qui se retire de l'organisation des pays exportateurs de pétrole en pleine crise énergétique sur fond de désaccords.”
“Une décision surprise ce mardi. les Emirats arabes unis qui se retire de l'organisation des pays exportateurs de pétrole”
“Une décision surprise ce mardi. Celle des Émirats arabes unis qui se retire de l'organisation des pays exportateurs de pétrole en pleine crise énergétique”
“亞聯由宣佈5月16日起退出石油輸出國組織OPAC及其...阿聯酋現在是OPEC主要產油國之一...能源部表示決定經過全面評估後作出”
“亞聯由宣佈5月16日起退出石油輸出國組織OPAC及其... 亞聯由宣佈5月16日起退出石油輸出國組織OPAC及其”
“The UAE Ministry of Energy announced through a statement that it will exit the Organization of the Petroleum Exporting Countries (OPEC) starting May 1.”
“Объединенные арабские эмираты объявили о выходе из ОПЕК и ОПЕК-плюс. Это произойдет в мае.”
“I Emirati e Ara biano deciso di uscire da Lopec a partire dal primo maggio dopo sei decenni. Questa decisione segnala il caos crescente nella gestione del mercato energetico globale”
“posted on social media. United Arab Emirates is leaving the oil producing.”
“阿聯合郵能員透過聲明宣布 將於5月1日起退出石油書出國組織OPI”
“阿聯合油能源部透過聲明宣布 將於5月1日起退出石油書出國組織OPI”
“Announced it will withdraw from OPEC and the broader OPEC Plus alliance, ending nearly six decades of membership. The move strips the oil cartel of its third largest producer.”
“聯合郵能員報透過聲明宣布 將於5月1日起退出石油書出國組織OPI 由早及期 有OPEC家”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade