West Texas Intermediate & OPEC
18 shared events · Importance 11 · Last updated May 12, 2026
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International
West Texas Intermediate: West Texas Intermediate crude prices have seen volatility due to the Iran war and supply constraints, with the United Arab Emirates' departure from OPEC potentially influencing future price dynamics.
OPEC: The departure of the United Arab Emirates, one of its largest producers, significantly weakens OPEC's control over global oil supplies and prices, potentially leading to disarray and reduced influence in managing oil markets.
Apr 28, 2026 · 222 articles
International
West Texas Intermediate: West Texas Intermediate futures gained due to the ongoing geopolitical tensions and supply worries.
OPEC: OPEC oil output fell to its lowest level in over two decades in April due to disruptions linked to the Strait of Hormuz, indicating reduced supply.
May 12, 2026 · 6 articles
International
West Texas Intermediate: West Texas Intermediate crude was down, reflecting market uncertainty and volatility, even as refiners sought alternative crude supplies, pushing premiums for WTI Midland.
OPEC: The OPEC is affected by the United Arab Emirates' decision to quit the group, which will complicate efforts to balance the oil market through supply adjustments.
Apr 02, 2026 · 45 articles
International
West Texas Intermediate: West Texas Intermediate crude rose significantly due to the escalation of attacks in the Middle East Gulf, settling at $106.42.
OPEC: OPEC and its allies, known as OPEC+, announced they would raise oil output targets by 188,000 barrels per day in June for seven members, marking the third consecutive monthly increase.
May 04, 2026 · 15 articles
International
West Texas Intermediate: West Texas Intermediate crude prices have risen significantly due to the disruption of oil shipments caused by the Strait of Hormuz standoff.
OPEC: The United Arab Emirates decided to withdraw from OPEC, which could have implications for global oil supply and pricing.
Apr 26, 2026 · 104 articles
International
West Texas Intermediate: West Texas Intermediate crude oil prices have increased following the United States' decision to blockade Iranian ports, indicating market anxiety over potential supply shortages.
OPEC: OPEC, of which Iran is a member, could see reduced crude exports from Iran due to the United States blockade, although Iran may sustain production by storing oil.
Apr 08, 2026 · 307 articles
Business
West Texas Intermediate: West Texas Intermediate is mentioned as another benchmark for oil prices, though Brent Crude is noted as more representative of global performance.
OPEC: OPEC's decisions are cited as a significant factor influencing oil supply and demand, and thus oil prices.
May 01, 2026 · 9 articles
International
West Texas Intermediate: West Texas Intermediate crude prices have surged due to the closure of the Strait of Hormuz, reflecting the global energy crisis.
OPEC: OPEC suffered a blow with the departure of the United Arab Emirates, impacting its ability to control oil production and prices.
Apr 27, 2026 · 80 articles
International
OPEC: OPEC agreed to a modest oil output boost for April, but this is largely insufficient to offset the supply disruptions caused by the Middle East conflict.
Mar 01, 2026 · 42 articles
International
OPEC: OPEC+ agreed to a modest output increase of 206,000 bpd, which is insufficient to offset potential supply losses from the Strait of Hormuz closure.
Feb 28, 2026 · 35 articles
International
OPEC: OPEC+ countries announced an increase in crude production by 206,000 barrels per day in April to mitigate supply concerns arising from the conflict.
Mar 01, 2026 · 6 articles
International
OPEC: OPEC+ agreed to lift oil output quotas, but the impact is limited as key members cannot boost production due to strait closures, indicating the severity of supply disruptions.
Apr 06, 2026 · 33 articles
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