Abu Dhabi shocks oil markets, exits OPEC. The UAE's departure suggests urgency to boost production, a Bloomberg columnist writes.

UAE oil production could reach 5 million barrels per day if it operates unconstrained after leaving OPEC, Reuters analyst says.

The UAE’s decision to quit OPEC could allow its oil production to reach as high as five million barrels a day, according to Reuters analyst Simon, if it operates unconstrained like a private sector oil company.

President Donald J. Trump meets with oil executives at the White House to discuss the implications of the war with Iran. Attendees included Chevron CEO Mike Wirth and senior administration officials.

U.S. President Donald J. Trump held a meeting at the White House with oil executives, including Chevron CEO Mike Wirth, to discuss the implications of the war with Iran.

Oil futures extend gains with US and Brent crude up ~5% on concerns over prolonged Middle East supply disruptions.

Oil futures extended gains as U.S. and Brent crude rose around 5% due to concerns over prolonged supply disruptions in the Middle East.

Iran war squeezes global jet fuel supplies, forces airlines to cancel flights and raise fares

The war in Iran is squeezing global jet fuel supplies, forcing airlines to cancel flights and raise fares and threatening to disrupt summer vacations.