Tag: opec countries

OPEC+ set for fourth oil quota hike since Hormuz closure, sources say

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OPEC+ set for fourth oil quota hike since Hormuz closure, sources say

The ⁠seven of 21 OPEC+ members due to meet on ⁠Sunday (June 7) are Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia, and Oman. | Photo Credit: Reuters OPEC+ is set to agree on Sunday (June 7, 2026) a fourth increase in oil output targets in as many months, three OPEC+ ‌sources said, even though the…

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UAE leaves OPEC and OPEC+ in huge blow to global oil producers’ group

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UAE leaves OPEC and OPEC+ in huge blow to global oil producers’ group

Image used for representational purposes. File | Photo Credit: Reuters The United Arab Emirates said on Tuesday (April 28, 2026) it quit Organisation of the Petroleum Exporting Countries (OPEC) and OPEC+, dealing a ​heavy blow to the oil exporting groups and their de ‌facto leader, Saudi Arabia, at a time when ​the Iran war has…

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