May 4, 2026

Middle East crisis oil prices

Heavy blow for oil exporting groups! UAE to exit OPEC, OPEC+ amid Strait of Hormuz disruptions: What it means – The Times of India

Heavy blow for oil exporting groups! UAE to exit OPEC, OPEC+ amid Strait of Hormuz disruptions: What it means – The Times of India

admin08 mins

Collectively, OPEC nations account for roughly 36 per cent of global oil output. (AI image) In a significant move which may have implications for the world oil market, the United Arab Emirates (UAE) has announced that it will pull out of OPEC and OPEC+ alliances. The move comes amid the ongoing Middle East crisis which…

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Petrol and diesel prices today: What does Middle East crisis mean for fuel cost? Check city-wise list of current rates – The Times of India

Petrol and diesel prices today: What does Middle East crisis mean for fuel cost? Check city-wise list of current rates – The Times of India

admin03 mins

As the Middle East crisis escalates, concerns have grown over a possible rise in petrol and diesel prices. However, despite a sharp increase in global crude oil prices, fuel rates in major Indian cities have remained unchanged. Consumers can breathe a sigh of relief as retail petrol and diesel prices in the country are not…

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