The UAE pivots toward a high-tech, autonomous future by prioritizing national production capacity. The global energy landscape underwent a significant transformation on April 28, 2026, when the United Arab Emirates (UAE) officially announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC). RELATED:United Arab Emirates Exits From OPEC and OPEC+ This historic decision, […]

Decision cites Persian Gulf disruptions and shift in energy policy. On Tuesday, the United Arab Emirates (UAE) announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance effective May 1. RELATED: UN Warns Middle East War Could Shrink Arab Economies by 6% The decision was justified by citing “disruptions […]

Escalating tensions involving Iran raise fears of oil supply disruption and global price shocks linked to the Strait of Hormuz.

Decolonizing the Venezuelan Subsoil from Transnational Monopoly Interests. For over a hundred years, Venezuela’s history has been written in “black gold.” From the first sparks of domestic innovation to the suffocating enclaves of foreign monopolies, the story of Venezuelan oil is a saga of a nation struggling to break the chains of energy colonialism. RELATED:Venezuelan […]

Trump administration’s actions in the Caribbean sea threaten global energy markets. On Sunday, Venezuelan President Nicolas Maduro sent a letter to the Organization of the Petroleum Exporting Countries (OPEC), accusing the United States of seeking to seize the vast oil reserves of the South American nation. RELATED: U.S. Senate and House Leaders Launch Oversight of […]

Secretary Al Ghais says media distorted OPEC’s monthly market report, triggering sharp drops in global crude prices. In his most recent public statements, Haitham Al Ghais, secretary-general of the Organization of the Petroleum Exporting Countries (OPEC), sharply criticized claims that an oil surplus will occur in 2026. RELATED: OPEC+ to Discuss Possible Production Increase this […]

Venezuela’s oil production grew by 0.63 percent in September, reaching an average of 1,105,000 barrels per day (bpd), according to official figures published Monday by the Organization of the Petroleum Exporting Countries (OPEC). RELATED: U.S. Lawmaker Accuses Trump of “Illegal Killings” in Caribbean Attacks This marks the seventh consecutive month of growth, following the 1,098,000 […]

The presidential signing consolidates the alliance between Caracas and Moscow in sectors such as security, economy and international politics.

OPEC+, led by Saudi Arabia and Russia, will decide this Sunday whether to continue its monthly production increase—this time for November—which could exceed the 137,000 barrels per day (b/d) approved for October. RELATED: OPEC at 65: Building on a Proud Past for a Successful Future Energy ministers from Saudi Arabia, Russia, Iraq, the UAE, Kuwait, […]

The 9th OPEC International Seminar, done on July 9 and 10 in Vienna, Austria, established itself as one of the most significant events for the global energy industry in 2025. RELATED: OPEC+ Expects to Boost Global Oil Market Share to 52% by 2050 This assembly brought together OPEC member countries, participants of the OPEC+, Declaration […]