OPEC+ faces a tough decision on easing production cuts as non-OPEC oil growth, especially from the U.S., complicates the group’s strategy
Markets
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Trafigura faces trial over bribery charges in Switzerland and mounting financial losses in Mongolia linked to fraud by employees
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Oil prices rise as China’s manufacturing activity boosts demand while Middle East tensions create volatility in the global oil market
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Cuba urges businesses to adopt renewable energy amid ongoing power shortages. New rules target energy conservation and air conditioning use
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Oil prices are steady despite a surprise gasoline stock build and concerns about Federal Reserve rate cuts, while OPEC+ considers output delays
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Key Points Oil prices fall as Israel-Lebanon ceasefire deal is reported. Analysts cite low supply risks and geopolitical tensions easing. OPEC+ to decide on maintaining current output cuts next month. …
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Black soldier flies lead the charge in Kazakhstan’s fight against waste and methane, paving the way for sustainable solutions and grassroots recycling initiatives
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Eni’s Nguya FLNG launch triples Congo’s LNG capacity, driving energy exports and bolstering the nation’s global energy market role
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Oil prices jumped nearly 2% on Thursday as rising tensions between Russia and Ukraine spurred concerns about global crude supply disruptions
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OPEC+ prepares for December talks with limited options, weak demand, and internal conflicts over oil production and quota increases