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First Of Many? UAE Exits OPEC As Iran Chaos Triggers Nationalistic Realignment Among Producers
First Of Many? UAE Exits OPEC As Iran Chaos Triggers Nationalistic Realignment Among Producers
OPEC member and major Gulf producer, the UAE, has decided to exit the oil cartel, an unexpected development that crossed Bloomberg headlines on Tuesday morning around 0822 ET.
OPEC finished https://t.co/RtxJdZQeQh
— zerohedge (@zerohedge) April 28, 2026
WAM said the decision reflects the "evolution of sector policies to enhance flexibility in responding to market dynamics, while continuing to contribute to market stability in a thoughtful and responsible manner."
OPEC was founded in Baghdad in September 1960 by Iran, Iraq, Kuwait,...
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Jul 22, 2026 / Tyler Durden
German Motorists Flood Czech Border As Fuel-Price-Cap Ends
German Motorists Flood Czech Border As Fuel-Price-Cap Ends
Via Remix News,
German motorists formed kilometer-long lines at Czech gas stations on Sunday as they rushed to take advantage of lower prices before the government’s fuel cap expired.
Stations near the German border were overwhelmed by drivers seeking cheaper gasoline and diesel, with footage showing long queues at some locations.
According to Echo24, fuel in the Czech Republic was as much as €0.80 per liter cheaper than in Germany.
The surge came shortly before regulated pricing ended and the Czech fuel market returned to market-based rates....
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Mar 6, 2026 / Tyler Durden
Futures, Global Markets Tumble As Oil Soars Amid Fears Of Lenghty Energy Crisis
Futures, Global Markets Tumble As Oil Soars Amid Fears Of Lenghty Energy Crisis
Seven days into the war on Iran and markets are getting increasingly shaky. US equity futures tumbled ahead of the February jobs report, and are on pace to close the worst week for global markets since 2020 deep in the red as the selloff in global bonds deepened after another jump in oil prices fanned fears that the war in the Middle East is fueling inflation. As of 8:00am ET, S&P 500 futures were 0.7% lower while contracts on...
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May 25, 2026 / Dave DeCamp
Israeli Strike on Tent in Southern Gaza Kills Six-Year-Old Girl
An Israeli airstrike in Khan Younis, southern Gaza, on Monday killed two people, a six-year-old girl and a woman, as the IDF continues regularly killing children in its constant violations of the US-backed ceasefire deal. Palestinian medics and witnesses told Reuters that the attack was carried out by two Israeli helicopters and struck a tent, […]
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