-
United Arab Emirates says it will leave OPEC in a blow to the oil cartel
The United Arab Emirates announced Tuesday that it will leave OPEC effective May 1, stripping the oil cartel of one of its largest producers and further weakening its leverage over global oil supplies and prices. The UAE’s decision had been rumored as a possibility for some time, as it pushed back in recent years against OPEC production quotas it felt had been too low — meaning it wasn’t able to sell as much oil to the world as it had wanted. “Having invested heavily in expanding energy production capacity in recent years, the bigger picture is that the UAE has been itching to pump more oil,” Capital ... (full story)
- Comments / Top
- Subscribe
- Expand Replies Collapse Replies
-
- Older Stories
From home.saxo|Apr 28, 2026The precious metals market has spent the past several months undergoing a sharp reset. Following an explosive rally that took gold, and not least silver, to fresh record highs, ...
From @financialjuice|Apr 28, 2026|42 commentsIran expected to submit a revised peace proposal soon - CNN, citing sources. Mediators in Pakistan expect to receive a revised proposal from Iran in the next few days to end the war, after US President Donald Trump indicated that he would not accept an earlier version, sources close to the mediation process told CNN. The sources say Iranian Foreign…
From @finsquawk_|Apr 28, 2026|10 commentsIRAN CAN CONTINUE OIL PRODUCTION AND STORAGE FOR UP TO 2 MONTHS - TASNIM, CITING HFI RESEARCH #OOTT
-
- Newer Stories
From msn.com|Apr 28, 2026Federal Reserve chief nominee Kevin Warsh says he wants a "good family fight" at the policymaking table once he takes over as head of the U.S. central bank. And a fight, or at ...
From kitco.com|Apr 28, 2026Türkiye’s central bank is rebuilding its gold reserves as it unwinds some of the dollar-for-gold swap positions it employed during peak market stress, with physical holdings ...
From @realDonaldTrump|Apr 28, 2026|44 comments
The Chancellor of Germany, Friedrich Merz, thinks it’s OK for Iran to have a Nuclear Weapon. He doesn’t know what he’s talking about! If Iran had a Nuclear Weapon, the whole World would be held hostage. I am doing something with Iran, right now, that other Nations, or Presidents, should have done long ago. No wonder Germany is doing so poorly, both Economically, and otherwise! President DONALD J. TRUMP
- Story Stats
- Apr 28, 2026 10:54am Posted byFundamental Analysis104,722
