UAE crude output nears record following OPEC exit, sources says

OPEC+ agrees to 188,000 bpd output increase for August as Strait of Hormuz reopens

OPEC+ has agreed to increase oil output targets by 188,000 barrels per day from August, continuing a series of quota hikes that began in Apr

OPEC+ agrees fresh August oil output hike as Strait of Hormuz reopens

OPEC+ to boost oil output by 188,000 barrels per day in fifth consecutive monthly increase

OPEC+ members — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman — have announced a fifth consecutive monthly production in

OPEC+ approves fourth straight monthly oil output quota hike

UAE Leaves OPEC and OPEC+

Brent crude oil surges past $116 as Iran conflict, UAE OPEC exit, and US inventory declines drive prices

Brent crude oil futures surged over 7% to nearly $120 per barrel, the highest level since June 2022, driven by the ongoing Iran conflict, th