latest news in Energy markets

The United Arab Emirates Abandons Global Oil Cartel to Forge a New Energy Path

Abu Dhabi, Tuesday, 28 April 2026.
In a historic shift, the United Arab Emirates will exit the global oil cartel on May 1, sending international crude prices soaring past $113 a barrel amid regional conflicts.

First Loaded Natural Gas Tanker Clears the Strait of Hormuz Since Conflict Began

Abu Dhabi, Tuesday, 28 April 2026.
After vanishing from tracking systems for weeks, a fully loaded natural gas tanker successfully navigated the blockaded Strait of Hormuz, signaling potential relief for strained global energy markets.