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 11th of December, covering the latest developments you need to...
Fighting between Thailand and Cambodia entered its fourth day on Thursday as both sides waited for a promised telephone call from U.S. President Donal...
U.S. President Donald Trump revealed on Wednesday that an announcement regarding the world leaders who will serve on the Gaza Board of Peace is expect...
The United States has signed significant health cooperation agreements with Uganda and Lesotho, further strengthening bilateral relations and advancin...
Ukraine has agreed on key elements of a post-war reconstruction plan in talks with Jared Kushner and other top U.S. officials, President Volodymyr Zel...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 11th of December, covering the latest developments you need to know.
Ukrainian President Volodymyr Zelenskyy is facing growing international pressure to hold elections, with voices from both the United States and Europe highlighting the issue, even as the country remains in the midst of a protracted conflict with Russia
The United Kingdom may be overstating its influence in efforts to end the war in Ukraine, according to John Kavulich, senior editor at Issue Insight.
In a dramatic Champions League clash at Baku’s Tofiq Bahramov Stadium, Qarabağ grabbed an early lead, but Ajax staged a thrilling comeback to win 4-2.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
Iran and Saudi Arabia reiterated their commitment to enhance ties following a joint meeting with China in Tehran on Tuesday to follow up on implementation of the 2023 Beijing Agreement which resulted in resumption of their diplomatic relations after eight years.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
In a dramatic Champions League clash at Baku’s Tofiq Bahramov Stadium, Qarabağ grabbed an early lead, but Ajax staged a thrilling comeback to win 4-2.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
U.S. industrial production rose by 0.1% in September, rebounding after a decline in August, while capacity utilisation remained unchanged, according to Federal Reserve data on Wednesday.
Google’s YouTube has announced a “disappointing update” for millions of Australian users and creators, confirming it will comply with the country’s world-first ban on social media access for under-16s by locking affected users out of their accounts within days.
President of Turkmenistan Serdar Berdimuhamedow has signed the “On Virtual Assets” law, which will officially legalise cryptocurrency mining and exchange activities in the country from 1 January 2026.
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