OPEC

Russia vows to stick with OPEC+ after UAE steps away

Russia is not planning on leaving OPEC+ following UAE’s exit, Interfax-Russia wrote, citing Russian Deputy Prime Minister Alexander Novak, on April 30.

30 April, 12:12 PM

UAE exit from OPEC threatens unity of Saudi-led oil alliance

The United Arab Emirates said it is leaving OPEC and OPEC+, dealing a major blow to the oil producer groups and their de facto leader, Saudi Arabia, Reuters reported on April 28.

28 April, 08:27 PM

‘That wouldn’t be so bad’: Trump says Putin could stop the war if oil drops $10 more

U.S. President Donald Trump said Russian dictator Vladimir Putin could end the war in Ukraine if global oil prices fall by another $10 per barrel, according to an interview with CNBC published Aug. 5.

5 August 2025, 08:53 PM

Global oil dips: Output hike, tariffs, Ukraine aid halt weigh

OPEC+ plans to increase production in April, US tariffs on imports from Canada, Mexico, and China, and President Donald Trump's halt of military aid to Ukraine are pushing oil prices down, Reuters reported on March 4.

4 March 2025, 03:43 PM

Russia’s war chest grows: Oil boom fuels Kremlin’s war budget

Russia’s oil and gas revenues grew to about 30% of the federal budget in 2024 due to rising oil prices, Deputy Prime Minister Alexander Novak wrote in a column for Energy Policy.

30 January 2025, 06:45 PM

Trump’s bold oil ultimatum shakes prices, promises to end war immediately

Oil prices dropped on Jan. 27 following U.S. President Donald Trump’s call for OPEC to lower prices after announcing broad measures to boost oil and gas production in the U.S. during his first week in office.

27 January 2025, 12:46 PM

OPEC