UAE Exits OPEC and OPEC+: Impact on the Oil Market and Energy Crisis
The United Arab Emirates has decided to leave the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, as announced…
petroleum
OPEC Lowers Oil Demand Forecast Due to War in Iran and Market Impact
The Organization of the Petroleum Exporting Countries (OPEC) has announced a reduction in the forecast for global oil demand in…
OPEC+ Increases Oil Production Quotas for the Second Consecutive Time in May 2026
The member countries of the Organization of the Petroleum Exporting Countries and their partners in the OPEC+ format have decided…
India Resumes Import of Iranian Oil Amid Hormuz Strait Blockade
India has resumed the purchase of Iranian oil after a multi-year hiatus, occurring against the backdrop of escalating tensions in…
Energy Resource Imports in Ukraine Increased by 18.3% to $10.5 Billion in 2025
In 2025, Ukraine significantly increased its spending on the import of fuel and energy resources. The total import amount reached…
OPEC+ Suspends Oil Production Quota Increases at Russia’s Request Due to Sanctions
Countries within OPEC+ have decided to temporarily halt the increase of oil production quotas. This decision was made at the…
Trump Threatens Sanctions Over Putin’s Actions Regarding Ukraine
President of the United States Donald Trump expressed his outrage regarding statements made by Vladimir Putin, the president of Russia,…