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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 Savage33

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 […]

OPEC+ Has Plan to Complete Series of Quota Hikes

May 14, 2026May 14, 2026 Clark Savage156

In a move that signals business-as-usual intent amid extraordinary disruption, OPEC+ delegates have outlined plans to press ahead with a series of oil production quota increases, aiming to fully unwind the final layer of voluntary cuts announced in 2023 by the end of September 2026. According to Bloomberg reporting, key members intend to raise targets […]

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

May 13, 2026 Clark Savage96

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 Savage91

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 Savage85

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 Savage96

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 Savage319

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 […]

Strait of Hormuz: Is it Open or Closed?

April 13, 2026April 13, 2026 Clark Savage202

The Strait of Hormuz—the narrow 21-nautical-mile chokepoint between Iran and Oman that carries roughly one-fifth of the world’s oil and a quarter of global LNG—remains the epicenter of one of the most significant energy disruptions in modern history. As of today, the strait is not fully closed to all traffic, but commercial shipping has ground […]

The Paper Price of Oil is About to Get Hit with Reality and Converge with the Delivery Price of Oil

April 11, 2026 Clark Savage96

As of April 11, 2026, the global oil market is split into two. On one side sits the “paper” market — the futures contracts and financial instruments that most investors, analysts, and headline writers track. On the other hand is the physical, or delivery, market — the actual barrels of crude that refiners must load […]

It Will Take Months for the Oil, Gas and LNG Markets to Stabilize, and the New Floor Is Around $82

April 9, 2026April 9, 2026 Clark Savage124

The Iran war has delivered the largest supply shock in energy-market history, with Gulf producers shutting in roughly 9 million barrels per day (bpd) of crude and related liquids. While a potential two-week ceasefire has sparked some price relief, analysts and the U.S. Energy Information Administration (EIA) agree that full market stabilization will take months […]

Category: OPEC +

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

OPEC+ Has Plan to Complete Series of Quota Hikes

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

Strait of Hormuz: Is it Open or Closed?

The Paper Price of Oil is About to Get Hit with Reality and Converge with the Delivery Price of Oil

It Will Take Months for the Oil, Gas and LNG Markets to Stabilize, and the New Floor Is Around $82

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