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The UAE has withdrawn from the Organization of the Petroleum Exporting Countries (OPEC), a cartel that it joined in 1967, and OPEC+. It was OPEC’s fourth-largest producer (3.12 million barrels per day) and its third-largest exporter (2.88 mbd) in 2025, behind Saudi Arabia and Iraq. The Emiratis clearly sought to free themselves of production constraints…
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Ships and boats in the Strait of Hormuz on April 29, 2026. | Photo Credit: Reuters In a development that has given hope of normalcy returning across the Strait of Hormuz, LNG carrier Umm Al Ashtan, which had departed Dahej in Gujarat after unloading its cargo there, is heading up towards crossing the strait. The…
Image for representational purposes only. | Photo Credit: K.R. Deepak Advancing towards developing recycling capacity for critical minerals, the Ministry of Mines informed that it has deemed 58 companies eligible to participate in the Incentive Scheme for Promotion of Critical Mineral Recycling. The companies have been accorded eligibility as part of the ₹1,500 crore incentive…
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The outflow makes it the third in the first four months of the calendar year. There was a net inflow of ₹22,615 crore in February 2026. | Photo Credit: V. Sudershan Foreign investors sold ₹60,847 crore in stocks of Indian listed companies as of April 2026, continuing the two-year trend of capital outflow, data from…
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