ASX Energy Stocks Hit by UAE OPEC Exit
The United Arab Emirates announced this week that it will leave OPEC on 1 May 2026, ending nearly 60 years of membership.…
ASX energy stocks gained ground this week after OPEC+ paused production increases for early 2026, a decision that could finally stabilise oil prices after a challenging year. The group will…
The latest OPEC production increase could hit oil prices hard. OPEC (Organisation of the Petroleum Exporting Countries) has decided to increase oil production by 411,000 barrels per day (bpd) has…