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OPEC+ sources say the group has in principle agreed to raise its oil production target by 188,000 bpd starting in August.
2026-07-05
OPEC+ sources say the group has in principle agreed to raise its oil production target by 188,000 bpd starting in August.
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2026-07-04
July 4, 2026 — China foreign minister met Sweden’s foreign minister in Stockholm. Beijing said bilateral ties, which were strained in recent years, have warmed since the Swedish minister’s visit last year and signaled a push to improve mutual trust,
July 4, 2026 — China foreign minister met Sweden’s foreign minister in Stockholm. Beijing said bilateral ties, which were strained in recent years, have warmed since the Swedish minister’s visit last year and signaled a push to improve mutual trust, expand pragmatic cooperation and focus on a positive agenda. China urged Sweden to continue upholding the One China principle to consolidate the political basis for the relationship.
2026-07-04
Oil prices fell across the board after a US-Iran peace deal freed substantial crude supplies that demand cannot absorb. Less than three months ago global physical crude benchmarks hit record highs, and until weeks ago industry executives warned inven
Oil prices fell across the board after a US-Iran peace deal freed substantial crude supplies that demand cannot absorb. Less than three months ago global physical crude benchmarks hit record highs, and until weeks ago industry executives warned inventories were at extremely low levels amid the Iran crisis. Analysts from Morgan Stanley to Goldman Sachs this week warned of a risk of supply overhang next year; Energy Aspects head of oil research Kit Haines said market sentiment is overwhelmingly bearish. Persian Gulf suppliers had begun ramping shipments before the June MOU reopening the Strait of Hormuz, and in the weeks after the deal more than 60 mln barrels of oil that had been trapped by the war flowed into the market.
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