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VOLUNTARY PRODUCTION CUTS
7 OPEC+ nations announce second straight 188,000 bpd output increase for JulySeven OPEC+ nations will boost oil production by 188,000 barrels per day in July 2026, marking a second consecutive monthly increase. This ...- India's demand-side push could build USD 37.8 billion forex shield as high oil prices threaten fiscal stability: Brickwork RatingsWith crude prices likely to stay above USD 100 per barrel for the rest of 2026 and the rupee under pressure near INR 95/USD, Brickwork Rati...
- Limited price raise shows how much of global hit govt has absorbed: GoyalPiyush Goyal stated the government absorbed global oil price hikes by cutting excise duty. He highlighted significant fertiliser subsidies ...
- Modi’s toughest economic test may demand more than appealsPrime Minister Narendra Modi faces economic headwinds. Appeals for reduced consumption of imported goods like oil and gold may not suffice....
- Nissan to cut 10% Europe jobs, 900 roles at risk as global restructuring and Sunderland factory changes beginNissan is planning big job cuts in Europe as part of a global plan. The company wants to save money and improve its business. Changes are a...
- OPEC+ to make first post-UAE production decisionSeven OPEC+ nations are meeting to set oil production quotas -- the first decision since the UAE left the cartel. The war in the Middle Eas...
- AI can't steal your job! A China twist can avert AI jobs apocalypseA Hangzhou court has set a precedent, ruling that companies cannot use AI automation as a blanket justification for firing workers. The dec...
- France unveils plan to ditch all fossil fuels by 2050France has unveiled a groundbreaking roadmap to end its reliance on fossil fuels. Coal use will cease by 2030, followed by oil in 2045 and ...
- Why is the UAE, OPEC’s third-largest oil producer, leaving OPEC? Will Iraq or Kuwait leave next, and what it means for oil prices and the cartel’s futureWhy is UAE leaving OPEC, will Iraq or Kuwait leave next? Nearly 3.5 million barrels per day are now at stake. The Organization of the Petro...
- US tech giant Microsoft announces voluntary retirement: What is it, who is eligible and what is the math used in calculation?Microsoft's voluntary retirement: US tech company Microsoft has announced its first-ever voluntary retirement program and the scheme is ope...
- Snap layoffs grow as AI push leads to 1,000 job cuts and major cost savingsSnap layoffs show how AI is changing jobs in big tech companies. The company is cutting workers to save money and improve speed using new t...
- Meta tells staff it will cut 10% of jobs in push for efficiencyMeta Platforms is set to lay off approximately 8,000 employees, about 10% of its workforce, on May 20. This significant workforce reduction...
- India craves a sweet fix for crude addiction. Can it work?India is rapidly expanding its use of ethanol, a sugar-based fuel. This strategy aims to cut reliance on imported crude oil and boost farme...
- OPEC+ extends major oil production cuts until 2025 to stabilise marketOPEC+ has announced an extension of its substantial oil production cuts into 2025, aiming to stabilise the market amid sluggish demand grow...
- Oil prices slip despite OPEC+ production cut extensionOil prices fell as OPEC+ extended output cuts, impacting Brent and WTI futures. Goldman Sachs analysts view meeting as bearish. Gaza confli...
- OPEC+ set to strengthen oil output cuts in Q1 2024: Russia's deputy PMOPEC+ agreed last Thursday to voluntary supply cuts totalling about 2.2 million barrels per day (bpd), including an extension of existing S...
- Russia to continue voluntary cut of oil and oil product exports until year-endRussia has agreed to undertake two separate reductions in oil supply: in April it decided to cut crude output by 500,000 barrels per day (b...
- Saudi Arabia to continue voluntary oil output cut of one million bpdSaudi Arabia, OPEC's de-facto leader, first implemented the additional voluntary cut in July and has been renewing it monthly. The kingdom ...
- Saudi extends 1 million bpd oil output cut: Energy ministry"Saudi Arabia will extend the voluntary cut of one million barrels per day... for another month to include the month of September," the ene...
- Saudi Arabia, other OPEC+ producers announce voluntary oil output cutsThe UAE said it would cut production by 144,000 bpd, Kuwait announced a cut of 128,000 bpd while Iraq said it would cut output by 211,000 b...
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