State-owned oil company
Appears in 2 stories
Fujairah and Ruwais refineries remain offline; crude tanker Barakah struck by two Iranian drones in Strait of Hormuz on May 22, no injuries, no cargo aboard
Iranian strikes on the UAE resumed on May 4, breaking the April 8 ceasefire, then expanded into the Strait of Hormuz three days later. Iran attacked three US Navy destroyers on May 7; the US struck back the same day, hitting IRGC missile and drone facilities at Qeshm Island and Bandar Abbas.
Updated May 31
Cleared to lift production toward 5M barrels/day capacity
The United Arab Emirates joined OPEC in 1967, when crude sold for under $2 a barrel. On May 1, 2026, after fifty-nine years, it walks out—taking roughly 13% of OPEC's production capacity, according to the International Energy Agency.
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
