UAE Leaves OPEC as WTI Tops $100 and Oil Risk Deepens
The UAE's exit from OPEC hit as WTI topped $100, adding cartel risk to an already stressed oil market.
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The UAE's exit from OPEC hit as WTI topped $100, adding cartel risk to an already stressed oil market.
As of roughly 9:15 UTC Friday, Bloomberg and the New York Times had confirmed that Abu Dhabi suspended operations
As of 02:45 UTC on March 28, traders were moving deeper into the weekend with a more dangerous version
TL;DR * Reuters and CNBC both reported renewed Iranian attacks on UAE energy infrastructure, including a fire at Fujairah and
TL;DR * Fresh attacks on the UAE's Fujairah export hub and the Shah gas field added a new
As of about 9:30 a.m. ET on Monday, traders were dealing with a fresh escalation inside the broader
TL;DR * Reuters, Bloomberg, and AP reported that some oil-loading operations in Fujairah were suspended after a drone attack and
TL;DR * Reuters reported on Saturday that some oil loading operations in Fujairah were suspended after a fire that followed
TL;DR Fresh Reuters and CNBC reporting around Iran-linked Al Dhafra strike claims raises the probability of another volatile cross-asset