Tag: Energy
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UAE Exits OPEC After Six Decades: What It Means for Gulf Energy Markets and ADNOC Strategy
The UAE formally left OPEC on May 1, 2026, ending nearly 60 years of membership and giving ADNOC full freedom to pursue its 5 million barrel-per-day capacity target without quota constraints. With Brent at $106 and Hormuz disrupted, the exit reshapes GCC energy dynamics.
Qatar Pushes Ahead With North Field LNG Expansion as Production Capacity Heads to 142 Million Tonnes
QatarEnergy is pressing ahead with the world's largest LNG expansion programme despite disruptions to Hormuz shipping, targeting a doubling of output capacity from 77 to 142 million tonnes per annum and recording a 66 per cent surge in new foreign-owned company formations.
Brent Crude Slips to $94 as OPEC+ Approves July Output Hike Amid Hormuz Tensions
Oil markets edged lower on Tuesday after OPEC+ approved a 188,000 bpd increase in July production quotas, even as geopolitical uncertainty surrounding the Strait of Hormuz kept prices elevated.
UAE Withdraws from OPEC and OPEC+: What It Means for Gulf Energy Policy
The United Arab Emirates announced its decision to withdraw from OPEC and the broader OPEC+ production alliance on April 28, 2026, when Energy Minister...
Saudi Aramco 2026: World’s Largest Oil Company, Financials and Strategy
Saudi Arabian Oil Company, universally known as Saudi Aramco, is the world's most valuable publicly traded company, the largest oil producer, and the cornerstone...
