Twenty injured in Russian airstrike on Zaporizhzhia, Ukraine
Twenty people were injured when Russian forces launched guided aerial bomb strikes on the city of Zaporizhzhia, targeting the central bus station and ...
OPEC expects improved economic performance in H2 2025 to support oil demand, with high refinery intake driven by summer travel and resilient growth in key markets.
The Organization of the Petroleum Exporting Countries (OPEC) said Tuesday that the global economy could outperform earlier expectations in the second half of 2025, helping sustain oil demand despite trade tensions and market uncertainty.
In its monthly oil market report, OPEC maintained its forecasts for demand growth in both 2025 and 2026, citing robust economic activity in major emerging economies. “India, China, and Brazil are outperforming expectations so far, while the United States and the Eurozone are experiencing a continued rebound from last year,” the report noted.
OPEC added that high crude intake at refineries, driven by increased summer travel, would help maintain elevated demand levels.
Meanwhile, the broader OPEC+ group — which includes non-OPEC allies such as Russia — increased output by 349,000 barrels per day in June, bringing total production to 41.56 million bpd. This figure falls just short of the 411,000 bpd increase outlined in the group’s latest quotas.
The boost in production signals OPEC+'s effort to regain market share after prolonged output cuts aimed at supporting prices.
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.
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 resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Twenty people were injured when Russian forces launched guided aerial bomb strikes on the city of Zaporizhzhia, targeting the central bus station and the university clinic, Ukrainian emergency services reported.
Fire crews are battling a large blaze on Arthur's Seat in Edinburgh, with police urging the public to avoid the area.
A 6.1 magnitude earthquake struck Türkiye on Sunday at a depth of 10 kilometres, according to the German Research Centre for Geosciences (GFZ).
U.S. Vice President JD Vance says a possible settlement between Russia and Ukraine will probably leave both Moscow and Kyiv unhappy, as Washington works to bring leaders together for talks.
A bus and a truck collided in Brazil’s central-western state of Mato Grosso late Friday, leaving 11 people dead and 45 others injured, according to the toll road operator and the federal highway police.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment