The United Arab Emirates (UAE) has announced that it will leave the OPEC and OPEC+ groups of major oil-producing nations effective May 1. The country has been a member of the alliance for nearly six decades. The UAE said the decision reflects its long-term strategic and economic vision. It also pointed to its evolving energy
World oil prices remained unchanged on Tuesday, January 27, as the effects of a strong winter storm in the United States offset any positive developments in the supply side, especially in Central Asia. Markets balanced weather-driven production losses and refinery disruptions with expectations of restored output and steady policy from major oil producers. Brent crude
International oil prices dropped sharply at the beginning of October 2025, with Murban oil prices falling to USD 65.59 per barrel on October 2, down from USD 69.85 per barrel on September 25, according to the latest Central Bank of Kenya (CBK) Weekly Bulletin. The decline was attributed to market expectations of a potential OPEC+
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