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The Latest Breaking News from OPEC

Influencer Evelyn Ha Claims Shocking Truth Twisted After Ex Ben Pasternak Arrest Sparks Heated Abuse Allegations Debate

Influencer Evelyn Ha faces online scrutiny as ex Ben Pasternak arrest sparks abuse debate and competing claims spread across social media platforms

International Business Times UK

Business Brief (April 29): China Vows to Drive ‘AI+’ Initiative

China grants zero-tariff treatment to African partners, BYD profit slumps

Caixin Global

Oil prices rise despite UAE exit from OPEC as Iran war ceasefire hangs in balance

Oil markets are navigating a period of unprecedented volatility after the UAE announced its withdrawal from OPEC and the OPEC+.

Euronews

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‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC

The move didn’t surprise Hanke, who served on the UAE’s Financial Advisory Council from 2008 to 2014.

Fortune

Russia struggles to contain ‘massive’ fire at oil refinery after third Ukrainian strike in two weeks

Vladimir Putin points to strike on Black Sea port facility as evidence of growing attacks against civilian ⁠infrastructure

The Independent UK

OPEC: UAE Leaves OPEC — What This Means for the Global Oil Economy

OPEC faces uncertainty as UAE exit reports trigger concerns over oil supply stability and global economic ripple effects

International Business Times UK

Oil prices decline after UAE says it will exit Opec amid Iran war energy crisis

Asian stocks are mostly higher despite a retreat on Wall Street

The Independent UK

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ASX continues slide as inflation points to rate hike

Resurgent inflation has increased the odds the Reserve Bank hiking the cash rate at its next meeting, with ongoing price growth to drag on company earnings.

AAP

Trump news at a glance: president’s justice department sets sights on James Comey (again)

New indictment marks latest instance in which Trump’s justice department has used its power to target president’s political enemies – key US politics stories from 28 April 2026 at a glance

The Guardian - US

United Arab Emirates will leave OPEC in a blow to the oil cartel

The United Arab Emirates will leave OPEC effective Friday, stripping the oil cartel of its third-largest producer and further weakening its leverage over global oil supplies and prices

The Independent UK

Signs point to bumpy road for motorists in fuel crisis

Higher fuel prices could be just weeks away as conflict in the Middle East drags on, with the nation's leaders committing to further crisis talks.

AAP

UAE’s OPEC exit has been long in the works – and may mark the beginning of a Gulf realignment

The United Arab Emirates’ decision to withdraw from the Organization of Petroleum Exporting Countries will leave the oil cartel weakened at a crucial time. It also illustrates the ongoing tensions between the UAE and Saudi Arabia, OPEC’s largest producer and de facto leader.

The Conversation

Morning Mail: UAE quits Opec oil cartel, Pauline Hanson tops political leader approval ratings, King Charles addresses Congress

Emirates shake global energy market with decision to leave Saudi-led group; Essential poll shows Pauline Hanson has highest leader approval ratings

The Guardian - AU

What UAE's Shock OPEC Exit After Nearly Six Decades Means for Oil Prices and the World

The UAE's decision to leave OPEC by May 2026 signals a major shift in global oil markets, influenced by geopolitical tensions and strategic national interests.

International Business Times UK

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news in one place.

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International Business Times

UAE Quits OPEC Effective May 1: 10 Key Facts on Shocking Exit

The United Arab Emirates announced Tuesday it will leave both OPEC and the broader OPEC+ alliance effective May 1, delivering a major blow to the oil producers' group and its de facto leader Saudi Arabia amid the ongoing Iran conflict that has severely disrupted Gulf energy exports.

Barchart

Tighter Global Oil Supplies Underpin Crude Prices

June WTI crude oil (CLM26 ) on Tuesday closed up +3.56 (+3.69%), and June RBOB gasoline (RBM26 ) closed up +0.0623 (+1.85%). Crude oil and gasoline prices rallied sharply for a second day on Tuesday, with crude oil posting a 2-week high, and gasoline posting a 3.75-year high. Crude prices...

The Independent UK

Decision by the UAE to leave OPEC shakes up alliance that influences oil prices worldwide

The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produces some 40% of the world’s crude oil and exerts major influence over the price of energy around the globe

The Guardian - UK

How the UAE’s decision to leave Opec could recast the Middle East

Defection is damaging to Saudi Arabia’s prestige – and could strengthen the US hand in the region

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The Times of India

Trump claims Iran collapse while Teheran sees leverage as Hormuz stand-off tightens

TOI correspondent from Washington: US President Donald Trump on Tuesday claimed that Iran is “in a state of collapse” and is urgently pleading with Washington to reopen the Strait of Hormuz, projecting an image of a weakened adversary desperately seeking relief. But developments on the ground suggest a far more…

Barchart

Why the Real Story Behind the UAE’s OPEC Exit is Petrodollar Diplomacy

With Emirati energy infrastructure taking hits from the Iran war, Treasury Secretary Bessent tries to stave off the ‘petroyuan’ era.

The Independent UK

What is Opec? UAE to leave major group of oil producers

IN FULL

Evening Standard

FTSE 100 edges higher but US tech stocks wobble

The index closed up 11.70 points at 10,332.79.

International Business Times UK

OPEC Suffers Stunning Blow as UAE Abandons Oil Cartel Following Strategic Pivot Toward Independent Production

The United Arab Emirates' exit from OPEC sparks claims of 'the beginning of the end' for the group, unfolding amid Iran War–driven turmoil and uncertainty in the global oil industry.

The Guardian - UK

UAE quits Opec in win for Trump as oil cartel weakened

US president has accused organisation of ‘ripping off the rest of the world’ by inflating oil prices

Barchart

Crude Prices Strengthen as Global Oil Supplies Tighten with Strait of Hormuz Closed

June WTI crude oil (CLM26 ) today is up +3.13 (+3.25%), and June RBOB gasoline (RBM26 ) is up +0.0241 (+0.72%). Crude oil and gasoline prices are sharply higher for a second day today, with crude oil posting a 2-week high, and gasoline posting a 3.75-year high. Crude prices continue...

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