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Organization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria. File | Photo Credit: AP The Kremlin said on Wednesday (April 29, 2026) that Russia planned to stay in OPEC+ despite a decision by the United Arab Emirates to leave, and said it hoped that the group of leading global oil producers would continue…
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Rupee depreciated 14 paise to close near its all-time low against the U.S. dollar. File The rupee depreciated 14 paise to close near its all-time low at 94.82 (provisional) against the U.S. dollar on Wednesday (April 29, 2026), pressured by rising Brent crude oil prices, hovering around $115 per barrel, and continued foreign capital outflows….
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OPEC+ produces nearly 50% of the world’s oil and oil liquids. (Representational image) | Photo Credit: Getty Images/iStockphoto The United Arab Emirates (UAE) announced on Tuesday (April 28, 2026) that effective May 1 it will leave OPEC+ — an alliance of oil-producing countries — in a move seen as a major determinant of both short-term…
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