Russia's Permnefteorgsintez oil refinery partially halts operations after a drone attack triggers a fire at its AVT-4 processing unit. The unit accounts for 38% of the plant's total capacity.

The United Arab Emirates announces it will withdraw from the OPEC+ oil producers' alliance on May 1. The move by one of the group's largest producers signals a potential shift in global oil market control.

The United Arab Emirates has announced its intention to withdraw from the OPEC+ oil producers' alliance effective May 1, 2026.

Strait of Hormuz blockade splits Gulf oil exporters: Saudi and Oman poised for windfall as UAE petrodollar income drops.

The blockade of the Strait of Hormuz is creating an economic split among oil exporters in the Persian Gulf, with Saudi Arabia and Oman set for a windfall from higher prices and others including the UAE seeing a drop in petrodollar income.

Exxon CEO Darren Woods estimates it will take 1-2 months for normal oil flows to resume after the Strait of Hormuz reopens. The timeline was provided during a company conference call.

Exxon CEO Darren Woods stated that it will take one to two months for normal oil flows to resume once the Strait of Hormuz reopens.

A helicopter carrying 24 passengers is involved in an incident in Usinsk, Komi, according to the regional Ministry of Health.

A helicopter incident has occurred in Usinsk, Komi, with 24 passengers reported on board according to the Komi Ministry of Health.