Category: United Arab Emirates

U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf

The New York Times – Business:
U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
Which Countries Are Profiting From the Iran War Oil Shock

The New York Times – Business:
An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.
Nations Brace for Long-Term Economic Woes as Trump Calls Iran Truce Plan ‘Garbage’

The New York Times – Business:
President Trump said the fragile cease-fire was on “life support,” and India’s leader urged residents to cut back on purchases and travel.
How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil

The New York Times – Business:
As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.
OPEC Plus, in Symbolic Gesture, to Increase Oil Production

The New York Times – Business:
The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.
Why the U.A.E. is Quitting OPEC

The New York Times – Business:
The United Arab Emirates is walking away from OPEC this May. The New York Times’ energy reporter, Rebecca Elliott, breaks down how the war with Iran provided the perfect opening for the U.A.E. to go solo.
Loss of Emirates Further Weakens OPEC’s Influence

The New York Times – Business:
The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
What Is OPEC, and How Does the Oil Cartel Influence Petroleum Prices?

The New York Times – Business:
The group of oil-producing countries supplied more than 25 percent of the world’s oil before the war in Iran. Its members have influenced energy markets through the years.
Bessent Backs Financial Support for Oil-Rich U.A.E.

The New York Times – Business:
The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed

The New York Times – Business:
The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
The Peace Rally Gets Derailed

The New York Times – Business:
Oil prices are climbing and global stocks are falling as investors worry about the prospects for a speedy end to the war in the Middle East.
Luxury Brands Bet on the Middle East. War Has Damaged Their Plans.

The New York Times – Business:
High-end brands such as Louis Vuitton and Hermès are looking to other regions as sales in Persian Gulf nations plummet.