UAE Exits OPEC: What It Means for the World & India

April 29, 2026 3:27 PM

UAE Exits OPEC: What It Means for the World & India

The United Arab Emirates has announced it will exit the Organization of the Petroleum Exporting Countries and the broader OPEC+ alliance, with the decision taking effect from May 1, 2026. The move follows a comprehensive review of national production policy, capacity, and long-term economic priorities. Authorities say the decision reflects the country’s evolving energy profile and its aim to enhance flexibility in responding to global market dynamics. To understand why the UAE has walked away...

Missile interceptions, facility fires and injuries signal escalating Gulf tensions amid regional spillover

April 4, 2026 9:53 AM

Missile interceptions, facility fires and injuries signal escalating Gulf tensions amid regional spillover

Operations at ADNOC’s Habshan gas facilities in Abu Dhabi were suspended after debris from an intercepted aerial threat sparked a fire at the site, as tensions continued to spill into GCC countries. Abu Dhabi authorities said emergency teams quickly contained the blaze and no injuries were initially reported. In a separate interception, debris also fell in the Ajban area. Later, authorities reported that 12 people were injured in Ajban, including five Indian nationals and six Nepali nationals,...

Indian Oil Set to Become ADNOC’s Largest LNG Customer

August 28, 2025 4:11 PM

Indian Oil Set to Become ADNOC’s Largest LNG Customer

Abu Dhabi National Oil Company (ADNOC) has signed a 15-year Sales and Purchase Agreement with Indian Oil Corporation to supply one million tonnes per annum of liquefied natural gas from its lower-carbon Ruwais LNG project. Under the agreement, LNG will be delivered to ports across India, supporting the country's growing energy demand and enhancing its energy security. By 2029, Indian Oil will become ADNOC's largest LNG customer, with a total offtake of 2.2 million tonnes per annum, comprising 1...