#OilAndGas
-
UAE Withdraws from OPEC and OPEC+: Impact on Oil Prices and Supply
Highlights In a move that has sent shockwaves through the energy world, the United Arab Emirates (UAE) announced today, April 28, 2026, its decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance. This departure, effective May 1, 2026, marks the end of nearly six decades of membership…
-
Shell to Acquire Canada’s ARC in $16.4 Billion Output‑Boosting Deal
The global energy landscape is currently defined by a high-stakes tug-of-war between the transition to renewables and the immediate, pressing need for energy security. In a move that signals a decisive shift toward the latter, Shell has announced a definitive agreement to acquire Canada’s ARC Resources in a deal valued at approximately $16.4 billion. This…