Floodwaters batter Indian towns
Torrential monsoon rains continue to wreak havoc across northern and eastern India, with widespread flooding reported in Uttar Pradesh and West Bengal...
OPEC+ has agreed to raise oil production by 548,000 barrels per day in August, accelerating output increases amid geopolitical tensions and pressure from U.S. President Donald Trump to help ease fuel prices.
At its latest meeting on Saturday, OPEC+ announced it will raise oil production by 548,000 barrels per day (bpd) starting in August. This marks a significant acceleration in monthly output hikes, following increases of 411,000 bpd approved for May through July.
The decision comes after a period of volatile oil prices triggered by Israeli and U.S. strikes on Iran. OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies led by Russia, had been cutting production since 2022 to support global oil prices. But in 2025, the group shifted strategy to reclaim market share amid rising output from rival producers such as the United States.
The upcoming increase will come from eight members: Saudi Arabia, Russia, the UAE, Kuwait, Oman, Iraq, Kazakhstan, and Algeria — the same group that began unwinding 2.2 million bpd in voluntary cuts starting in April.
OPEC+ cited a stable global economic outlook and tight oil inventories as justification for the production boost. The group has now restored 1.918 million bpd of its initial 2.2 million bpd reduction, with just 280,000 bpd remaining. Additionally, the UAE has been allowed to increase production by 300,000 bpd separately.
Tensions have emerged within the group after some members, including Kazakhstan and Iraq, exceeded production targets, raising concerns among those maintaining cuts. Kazakhstan, in particular, returned to record-level output last month.
Despite this increase, OPEC+ still maintains a separate set of cuts amounting to 3.66 million bpd. The coalition will reconvene on August 3 to assess further action.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
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.
Talks on a global treaty to reduce plastic pollution risk falling apart as countries remain divided over how to limit plastic production.
The Kremlin responded cautiously to U.S. President Donald Trump's order to reposition nuclear submarines, urging restraint in nuclear rhetoric and emphasizing the importance of diplomacy during rising tensions over Ukraine.
On Monday, the Kremlin announced that Russian President Vladimir Putin may meet U.S. envoy Steve Witkoff this week as part of ongoing efforts to mediate the Russia-Ukraine conflict. U.S. President Donald Trump also warned of possible sanctions if a ceasefire is not reached soon.
Two new videos released by Palestinian militant groups Hamas and Islamic Jihad have sparked international condemnation and renewed pressure on Israel and the global community to secure the release of hostages held in Gaza since the October 7, 2023 attacks.
Preliminary discussions between Thai and Cambodian defence officials began on Monday in Malaysia, setting the stage for a high-level ministerial meeting scheduled for Thursday, as a fragile ceasefire continues to hold following last week's border clashes.
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