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 President Emmanuel Macron has warned that the growing divide between the U.S. and China poses the most serious threat to global stability, urging countries to form coalitions for collective action.
Australia warns of a dangerous new nuclear arms race as global treaties falter and powers like China and Russia shift the balance.
China on Friday defended its recent export control measures on rare earth elements, insisting the restrictions are in line with international norms and not directed at any specific country.
Federal authorities have arrested 14 suspects in Los Angeles linked to an Armenian organized crime ring accused of stealing $30 million in COVID relief and Small Business loans intended to support American taxpayers.
Banksy has returned with a mysterious new artwork—this time, possibly in France—and fans are buzzing with theories.
French President Emmanuel Macron has warned that the growing divide between the U.S. and China poses the most serious threat to global stability, urging countries to form coalitions for collective action.
Australia warns of a dangerous new nuclear arms race as global treaties falter and powers like China and Russia shift the balance.
Prime Minister Shehbaz Sharif has reiterated Pakistan’s enduring support for United Nations peacekeeping operations, highlighting the country’s historic contributions and calling for renewed international resolve to strengthen peacekeeping efforts in a rapidly evolving global security landscape.
China on Friday defended its recent export control measures on rare earth elements, insisting the restrictions are in line with international norms and not directed at any specific country.
The Green Climate Fund (GCF)-backed project, “Strengthening Climate Resilience of Vulnerable Agricultural Livelihoods in Southern Iraq” (SRVALI), was officially launched on the sidelines of the 5th Baghdad International Water Conference.
AnewZ takes to the streets of Yerevan and Baku to ask a simple yet deeply complex question: How do you see peace between Armenia and Azerbaijan? In the first part of our special report, we hear the hopes, doubts, and scars still shaping people’s perspectives on both sides.
On May 28, the inauguration ceremony of Lachin International Airport was held.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Kyiv faced a large-scale Russian drone and missile assault overnight, with explosions and gunfire echoing throughout the city, forcing residents to shelter in subway stations.
Model Hailey Bieber is selling her skincare brand Rhode to e.l.f. Beauty in a deal worth up to $1 billion (£790 million), with plans for international expansion and continued viral success.
The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Ofis Yem, a leading livestock feed producer in Türkiye, to support the company’s transition toward a green economy and the implementation of inclusive business practices.
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has invested $50 million in ADNOC Gas Pipeline Assets LLC (AGPA), a subsidiary of the Abu Dhabi National Oil Company (ADNOC), which manages the gas pipeline network in the United Arab Emirates.
Ford Motor Company is recalling more than 1 million vehicles across multiple models due to a software glitch that could cause the rearview camera to malfunction, increasing the risk of an accident.
Azerbaijan's SOCAR, Kazakhstan's KazMunayGas, Uzbekistan's Uzbekneftegaz, and Russia's Tatneft have signed a landmark agreement to cooperate on decarbonization and sustainable development initiatives.
French President Emmanuel Macron has warned that the growing divide between the U.S. and China poses the most serious threat to global stability, urging countries to form coalitions for collective action.
Australia warns of a dangerous new nuclear arms race as global treaties falter and powers like China and Russia shift the balance.
Prime Minister Shehbaz Sharif has reiterated Pakistan’s enduring support for United Nations peacekeeping operations, highlighting the country’s historic contributions and calling for renewed international resolve to strengthen peacekeeping efforts in a rapidly evolving global security landscape.
China on Friday defended its recent export control measures on rare earth elements, insisting the restrictions are in line with international norms and not directed at any specific country.
The Green Climate Fund (GCF)-backed project, “Strengthening Climate Resilience of Vulnerable Agricultural Livelihoods in Southern Iraq” (SRVALI), was officially launched on the sidelines of the 5th Baghdad International Water Conference.
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