saudi arabia, jeddah: volodymyr zelensky, president of ukraine is greed by saudi officials as he arrives for the 32nd arab league summit
Economy & Business

OPEC Turns Up the Taps—and Turns Up the Heat on Russia

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OPEC+ is accelerating oil production. What began as a slow unwind of voluntary cuts has become a sharp shift in strategy: the group plans to reverse 2.2 million barrels per day (bpd) of voluntary cuts by the end of October—much faster than previously expected. For Russia, this is not just bad news. It is potentially […]

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Economy & Business

OPEC+ Surprises Markets with June Output Hike — Russia to Feel the Pain

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OPEC+ has agreed to raise oil output by 411,000 barrels per day in June, continuing a strategy shift aimed at disciplining quota violators and responding to global calls for lower fuel prices. The decision mirrors a similar production hike for May and signals the bloc’s growing willingness to tolerate lower oil prices, even at the

OPEC+ Surprises Markets with June Output Hike — Russia to Feel the Pain Read Post »

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