Oil prices rise as the Trump administration considers an Iranian proposal to reopen the Strait of Hormuz while delaying nuclear talks.

Saudi Aramco suspends liquefied petroleum gas shipments for next month after damage to its main export facility in late February cut off fuel supplies.

Saudi Aramco is suspending liquefied petroleum gas shipments for next month following damage to its primary export facility that occurred in late February.

The United Arab Emirates announces its withdrawal from OPEC and OPEC+, a move that significantly impacts the oil-exporting group amid ongoing regional conflict and global energy market instability.

The United Arab Emirates has announced its withdrawal from OPEC and OPEC+, marking a significant shift for the oil-exporting coalition amid ongoing regional conflict and global energy market instability.

The United Arab Emirates announces its withdrawal from OPEC, citing a strategic realignment in the wake of the Iran war. The move ends the nation's six-decade membership in the oil producer group.

The United Arab Emirates has announced its decision to withdraw from the OPEC oil producer group, citing a strategic realignment following the Iran war, according to the state-run WAM news agency.

UAE energy minister warns global strategic crude reserves are being drained at a 'scary level,' as the country makes a decision to address consumer needs.

UAE Energy Minister: We took this decision when consumers need our attention, facing an unprecedented time as strategic crude reserves are drained to a scary level.