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.
Category: United Arab Emirates
-
Why the U.A.E. is Quitting OPEC
The New York Times – Business: -
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.
-
Iran War Showcases Strength of South Korean Defense Sector
The New York Times – Business:Missile interceptors made by the South Korean firm LIG Nex1 are said to be performing well, at a small fraction of the cost of U.S. interceptors.
-
Iran War Showcases Strength of South Korean Defense Sector
The New York Times – Business:Missile interceptors made by the South Korean firm LIG Nex1 are said to be performing well, at a small fraction of the cost of U.S. interceptors.
-
Cheap Drones Remain Wild Card in Iran war
The New York Times – Business:Stopping Iran’s production of drones is critical to opening the Strait of Hormuz and halting its attacks on Gulf nations. But can it be done?
-
Investors Question Whether Quick Peace in Iran Is Possible
The New York Times – Business:Global markets are under pressure again amid doubts that the fighting in the Middle East can end anytime soon.
-
In Dubai, the World’s Luxury Brands Face a Wartime Crisis
The New York Times – Business:Executives for high-end brands worry that a prolonged war will hurt sales in a city important to the future of the luxury industry.