Why the U.A.E. is Quitting OPEC

The United Arab Emirates is walking away from OPEC this May. The New York Times’ energy reporter, Rebecca Elliott, breaks down how the war with Iran provided the perfect opening for the U.A.E. to go solo.

By Rebecca F. Elliott, Nour Idriss, Jon Miller, Stephanie Swart and Paul Abowd

UAE withdrawal from Opec reopens rift with Saudi Arabia

After putting on a united front during the Iran war, the Gulf’s most consequential rivalry has burst into the open again

Saudi Arabia's Public Investment Fund pulling the plug on LIV Golf funding after four years: report

The Wall Street Journal reported that Saudi Arabia's Public Investment Fund is pulling funding from LIV Golf after four years of bankrolling the league.

WSJ: LIV Golf to tell players and staff by Thursday that tour will lose Saudi funding at end of season - CNN

WSJ: LIV Golf to tell players and staff by Thursday that tour will lose Saudi funding at end of season  CNN

Saudi Arabia's PIF to end funding of LIV Golf league after this season

A committee of independent directors will evaluate strategic alternatives for LIV Golf after PIF pulls its funding, people familiar with the matter told CNBC.

Taif's Al-Hada Mountain Becomes the Kingdom's Newest Landmark, Earning Guinness World Record for World's Highest-Altitude Permanent Media Facade - The Globe and Mail

Taif's Al-Hada Mountain Becomes the Kingdom's Newest Landmark, Earning Guinness World Record for World's Highest-Altitude Permanent Media Facade  The Globe and Mail

Report: Head of LIV Golf Yasir Al-Rumayyan is stepping down as league's future in doubt

Yasir Al-Rumayyan, the chairman of Saudi Arabia's Public Investment Fund and the architect of LIV Golf, is reportedly stepping down from his position as chairman of the LIV board

Saudi PIF to withdraw funding from LIV Golf: WSJ

The Wall Street Journal has reported that Saudi Arabia's Public Investment Fund is withdrawing from LIV Golf. Citing sources familiar with the matter, the newspaper said LIV Golf plans to inform players and staff by April 30 that PIF will halt its financial backing. Launched in 2021 with Saudi support, LIV Golf drew global attention by signing top-ranked players and introducing a competition format different from the US-based PGA Tour. In its early stages, the league abandoned the traditional 72

By The Korea Herald

UAE oil break exposes deepening Saudi rift as Gulf power shifts

The UAE' decision to quit OPEC has brought years of tensions with Saudi Arabia into the open, marking a rebalancing of power shaped by the Iran war.

OPEC weakened by UAE exit, analysts warn FG

Analysts warn that the UAE’s OPEC exit could weaken the cartel, lower global oil prices, and negatively impact Nigeria’s oil revenue outlook. Read More: https://punchng.com/opec-weakened-by-uae-exit-analysts-warn-fg/

By Punch Newspapers