OPEC+ is turning up the heat on U.S. shale producers in a renewed bid to reclaim market share, but early signs of slowdown suggest it will take more sustained pressure to truly shift the global oil balance.
U.S. shale producers are beginning to scale back operations, signaling early effects of OPEC+'s intensified oil price strategy. While production remains high, key indicators like rig counts and frac spread activity are declining. This marks a potential turning point in the long-standing tug-of-war between OPEC and American frackers. However, industry consolidation, capital discipline, and improved efficiency mean U.S. shale is better positioned to endure market volatility than in 2014. OPEC+ may need to extend its pricing campaign significantly to make a lasting dent in U.S. output.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 19th of February, covering the latest developments you need to...
The top U.S. military commander for Latin America, General Francis Donovan, accompanied by Senior Pentagon official Joseph Humire, made an unannounced...
U.S. President Donald Trump’s 'Board of Peace' will hold its first leaders’ meeting on Thursday (19 February) in Washington, D.C., launching an in...
The United Nations Security Council has expressed deep concern over Israel’s plans to expand control in the West Bank, warning the move threatens th...
Eight backcountry skiers have been confirmed dead and one person remains missing after an avalanche struck a guided expedition in California’s Sierr...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 19th of February, covering the latest developments you need to know.
The top U.S. military commander for Latin America, General Francis Donovan, accompanied by Senior Pentagon official Joseph Humire, made an unannounced trip to Venezuela on Wednesday for security talks, U.S. officials confirmed.
U.S. President Donald Trump’s 'Board of Peace' will hold its first leaders’ meeting on Thursday (19 February) in Washington, D.C., launching an initiative aimed at stabilising Gaza and addressing global conflicts. It's drawn support from regional powers but refusals from several EU countries.
The United Nations Security Council has expressed deep concern over Israel’s plans to expand control in the West Bank, warning the move threatens the prospects of a two-state solution.
The drumbeats have finally faded at the Marquês de Sapucaí, bringing the competitive phase of the Rio Carnival 2026 to a dazzling close. Over two marathon nights of spectacle, the twelve elite schools of the "Special Group" transformed the Sambadrome into a riot of colour.
Peru’s Congress has voted to censure and remove José Enrique Jeri Ore from his posts as President of Congress and acting President of the Republic, just four months into his tenure, citing undisclosed meetings with Chinese businessmen and alleged hiring irregularities.
France celebrated Olympic gold in the men’s biathlon relay in Anterselva on Tuesday (17 February), following a thrilling race marked by an electric atmosphere at the stadium.
Qarabağ FK are facing Newcastle United in the UEFA Champions League play-off round on Wednesday evening in Baku, in what will be the first UEFA competition meeting between the two clubs.
Iranian officials say more than 300 undocumented Afghan migrants have been rescued after being stranded in cold and rain near the border district of Taybad, in the northeastern Razavi Khorasan province.
Millions of Colombian roses have arrived in the United States just in time for Valentine’s Day, keeping the country on track as the world’s second-largest flower exporter. Between 15 January and 9 February, Colombia shipped roughly 65,000 tons of fresh-cut blooms.
Russia’s car market is continuing to receive tens of thousands of foreign-brand vehicles via China despite sanctions imposed after Moscow’s full-scale invasion of Ukraine in 2022, a journalistic investigation has found.
Türkiye’s national energy company, TPAO, has struck a new cooperation deal with U.S. energy giant Chevron, signing a memorandum of understanding to explore joint oil and gas exploration and production opportunities, the Turkish Energy and Natural Resources Ministry announced on Thursday.
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
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