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President Trump Announces Plans to Strike Iran Again and Take Control of Kharg Island, Echoing Venezuelan-Style Oil Controls

June 11, 2026 Clark Savage125

In a major escalation of the ongoing U.S.-Iran conflict, President Donald Trump has signaled that U.S. forces will strike Iran “VERY HARD TONIGHT” and, in the near future, take control of Iran’s critical oil infrastructure, including Kharg Island. This development draws direct parallels to the administration’s approach in Venezuela and aligns with commentary from energy […]

The U.S. dollar and oil prices are moving in lockstep like never before — and the ongoing Iran war is the reason.

May 14, 2026May 14, 2026 Clark Savage199

Eleven weeks into the Middle East conflict that has effectively shuttered the Strait of Hormuz and sent energy prices soaring, the correlation between the Bloomberg Dollar Spot Index and Brent crude futures has hit its highest level on record. This marks the strongest daily tandem movement between the greenback and oil in more than two […]

Saudis Tell OPEC That Oil Output Sank Again to Lowest Since 1990

May 13, 2026 Clark Savage243

Saudi Arabia has delivered a stark update to OPEC: its crude oil production plunged another 651,000 barrels per day (b/d) in April, hitting just 6.316 million b/d—the lowest level since the 1990 Gulf War. According to a monthly report from OPEC’s secretariat obtained by Bloomberg, the kingdom’s output has now fallen a cumulative 42% since […]

UAE Leaving OPEC and Talking with US about Currency Swap: What Does That Mean?

May 4, 2026 Clark Savage177

In a one-two punch that is sending shockwaves through global energy markets, the United Arab Emirates has exited OPEC and OPEC+ — and is now openly discussing a currency swap line with the United States. The moves come at a moment of historic turmoil: an ongoing Iran war has disrupted oil flows through the Strait […]

How the UAE’s Shock Exit from OPEC Will Reshape the World of Oil – Kathryn Porter

May 3, 2026 Clark Savage204

The United Arab Emirates’ announcement on April 28, 2026, that it will formally exit both OPEC and the wider OPEC+ alliance effective May 1 marks a seismic shift in global oil politics. As one of the cartel’s most significant producers with substantial spare capacity, the UAE’s departure delivers a major blow to an already strained […]

Why did the UAE leave OPEC, and what is the Global Impact

April 29, 2026April 29, 2026 Clark Savage228

The United Arab Emirates (UAE) has announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, effective May 1, 2026—marking the end of nearly 60 years of membership since 1967. This move strips OPEC of its third-largest producer and delivers a significant blow to the cartel’s ability to […]

The UAE has officially announced its withdrawal from both OPEC and the broader OPEC+ alliance, effective May 1, 2026

April 28, 2026April 28, 2026 Clark Savage561

This is not a rumor—it’s confirmed today (April 28, 2026) via the state-run Emirates News Agency (WAM). The move ends nearly 60 years of membership in OPEC (a founding member) and marks the most significant fracture in the cartel in decades. The official rationale, per WAM and UAE Energy Ministry statements, is a “comprehensive review of […]

Oil Disruption of the Strait of Hormuz May Be More Permanent Than a Few Weeks

April 21, 2026 Clark Savage177

The ongoing closure of the Strait of Hormuz—now in its seventh week—has triggered the largest oil supply shock in modern history. Roughly 20 million barrels per day (mb/d) of crude and products once flowed through this narrow chokepoint. Today, tanker traffic has collapsed, exports have plunged to a trickle, and Gulf producers have been forced […]

What is the Current Price of Oil? Well It Depends Who’s Asking

April 20, 2026 Clark Savage243

In the energy markets, there’s no single “oil price” anymore — and today’s fractured reality proves it. As highlighted in a sharp analysis posted this morning by commodity trader Jack Prandelli, the spreads tell the real story: Forties (physical) → $134 Dated Brent (physical) → $116 Brent futures → $99 WTI → $87 Canadian crude […]

Where are Oil and LNG Prices Heading? What are the second order impacts for consumers and investors?

April 17, 2026April 17, 2026 Clark Savage260

The global energy markets are in flux as of mid-April 2026, shaped by severe disruptions from the ongoing Middle East conflict (centered on Iran and the Strait of Hormuz). This has curtailed roughly 7–10 mb/d of crude, NGLs, and refined product exports in March–April, triggering sharp price spikes and inventory draws. Brent crude averaged $103/bbl […]

Category: OPEC

President Trump Announces Plans to Strike Iran Again and Take Control of Kharg Island, Echoing Venezuelan-Style Oil Controls

The U.S. dollar and oil prices are moving in lockstep like never before — and the ongoing Iran war is the reason.

Saudis Tell OPEC That Oil Output Sank Again to Lowest Since 1990

UAE Leaving OPEC and Talking with US about Currency Swap: What Does That Mean?

How the UAE’s Shock Exit from OPEC Will Reshape the World of Oil – Kathryn Porter

Why did the UAE leave OPEC, and what is the Global Impact

The UAE has officially announced its withdrawal from both OPEC and the broader OPEC+ alliance, effective May 1, 2026

Oil Disruption of the Strait of Hormuz May Be More Permanent Than a Few Weeks

What is the Current Price of Oil? Well It Depends Who’s Asking

Where are Oil and LNG Prices Heading? What are the second order impacts for consumers and investors?

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