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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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Mar 25, 2026 / Tyler Durden
China Signals Strong Support For Pakistani Offer To Host US-Iran Peace Talks
China Signals Strong Support For Pakistani Offer To Host US-Iran Peace Talks
China has made clear that it condemns the US-Israeli attack on Iran, saying the war should have never started, but is now signaling strong support to Pakistani-mediated efforts at finding peace.
Beijing has commented on the Pakistani offer to host US-Iran talks aimed at ending the war, with Chinese Foreign Ministry spokesman Lin Jian telling reporters in Beijing: "Ceasefire and peace talks are more important tasks at hand." The statement comes amid fresh reports that Tehran has rejected an initial...
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Feb 25, 2026 / Kyle Anzalone
Israel Responsible for Two-Thirds of Journalist Deaths in 2025
The Committee to Protect Journalists (CPJ) found that Israel killed the majority of murdered journalists in 2025. “Israel was responsible for two-thirds of all journalist and media worker killings in 2025, driving the total number killed worldwide last year to a record 129,” a CPJ report released on Wednesday explained. It is the “highest ever […]
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Apr 21, 2026 / Tyler Durden
US Pending Home Sales Rebound Off Record Lows, Despite Rising Mortgage Rates
US Pending Home Sales Rebound Off Record Lows, Despite Rising Mortgage Rates
After rising in February, US Pending Home Sales were expected to continue to improve in March (+0.5% MoM) but - despite apparently rising mortgage rates - sales rose 1.5% MoM (even with February revised up to +2.5% MoM). This dragged pending home sales up to +1.8% YoY (to the highest level since Nov 2024)...
Source: Bloomberg
...extending its bounce off record lows...
Source: Bloomberg
“Contract signings rose in March despite higher mortgage rates, pointing to pent-up housing demand,” NAR Chief Economist Lawrence...
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