BusinessMay 4, 2026

UAE Exits OPEC, Aims for Economic Diversification

The UAE has announced its exit from OPEC, citing a need to diversify its economy. This decision, influenced by tensions with Saudi Arabia, is not aimed at any specific country.

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BusinessMay 4, 2026

OPEC+ Nations Announce Modest Production Increase Amid Iran's Strait Control

OPEC+ nations have decided to increase oil production by 188,000 barrels per day beginning in June, despite Iran's control over the critical Strait of Hormuz.

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BusinessMay 3, 2026

OPEC+ Nations Announce Modest Increase in Oil Production

OPEC+ countries, including Saudi Arabia and Russia, have agreed to increase oil production by 188,000 barrels per day. The move aims to stabilize the market amidst geopolitical tensions.

Mateo Dela CruzRead