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.
French army chief General Thierry Burkhard warned that Moscow views France as its principal adversary in Europe, citing growing hybrid threats from Ru...
Rising heatwaves and tourist congestion are changing how Australians travel to Europe. More are now choosing spring and autumn over the traditional Ju...
European Commission President Ursula von der Leyen announced on Sunday that a political agreement has been reached to move forward with the EU-Indones...
A senior German lawmaker voiced hope on Sunday that the EU and U.S. can reach a partial agreement and delay planned tariff hikes, as President Donald ...
Ukrainian intelligence agents have eliminated members of a Russian spy network accused of assassinating an SBU colonel last week, the Security Service...
French army chief General Thierry Burkhard warned that Moscow views France as its principal adversary in Europe, citing growing hybrid threats from Russia ahead of President Macron’s key defence speech.
Rising heatwaves and tourist congestion are changing how Australians travel to Europe. More are now choosing spring and autumn over the traditional July–August peak to escape extreme temperatures and overtourism.
European Commission President Ursula von der Leyen announced on Sunday that a political agreement has been reached to move forward with the EU-Indonesia free trade deal.
A senior German lawmaker voiced hope on Sunday that the EU and U.S. can reach a partial agreement and delay planned tariff hikes, as President Donald Trump threatens to raise duties on EU imports to 30% by August 1.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
According to a Wall Street Journal report on Saturday, SpaceX is investing $2 billion into xAI as part of a broader $5 billion equity funding round, strengthening the connection between Elon Musk’s various ventures.
European shares dropped on Friday after President Donald Trump intensified tariff threats against the EU, casting doubt on trade talks and dampening investor confidence.
Turkmenistan has gathered 1.407 million tonnes of wheat, matching its 2025 goal after a round-the-clock harvest on 690,000 hectares that officials say was bolstered by new combines and higher state purchase prices.
Azerbaijan Railways CJSC signed a Memorandum of Understanding with the Chinese company 'Xi'an Free Trade Port Construction and Operation' and has opened its representative office and container terminal in the Xi'an International Port.
The UK and Japan have signed a Memorandum of Cooperation (MoC) aimed at enabling increased UK investment into Japan, further strengthening the economic ties between the two nations.
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