{
}
OPEC+ has extended its production cuts of 2.2 million barrels per day through December, a move viewed positively by UBS analysts for short-term oil price stability. This decision comes amid seasonal demand softening and mixed compliance from member countries, with a more significant production increase anticipated in 2025. UBS projects a balanced market next year, maintaining an average price of $75 per barrel in their base case.
OPEC's oil production increased by 370,000 barrels per day to 29.9 million in October, following Libya's resolution of a political crisis that had previously halted output. However, this rise was moderated by reductions in production from Iraq, Iran, and Saudi Arabia.
India aims to quadruple its natural gas usage by 2030 to meet rising energy demands driven by population growth and economic expansion. With over 80% of its energy currently sourced from coal, oil, and biomass, the government is promoting compressed natural gas (CNG) vehicles and expanding piped natural gas connections for cooking. Despite global volatility in gas markets, India is prepared to increase LNG imports to enhance energy security and support domestic fertilizer production.
Stéphane Rossini, head of the Federal Social Insurance Office, resigns after a significant miscalculation of AHV forecasts, remaining until June 2025. Meanwhile, a Federal Supreme Court ruling threatens weekend and evening services at health facilities, and tensions rise as North Korean soldiers are invited to support Russia in Ukraine. In the U.S., Kamala Harris and Donald Trump engage in fierce pre-election attacks, while Turkey responds to an attack on an arms manufacturer with airstrikes against PKK targets.
Oil market fundamentals are bearish despite geopolitical tensions easing, with UBS analysts noting weaker-than-expected demand from China and a downgraded 2024 global oil demand growth forecast to 0.9 million barrels per day. US crude production growth is also expected to slow, with a forecast increase of only 0.4 million barrels per day in 2025, as stagnant rig activity and uneven OPEC+ compliance continue to weigh on the market.
Countries can halve premature death rates by 2050 by targeting 15 key health threats, primarily tobacco use, according to a Lancet Commission report. The report emphasizes the need for public financing of essential medicines and highlights the importance of high tobacco taxes as a critical policy tool. With a 23% chance of a pandemic similar to COVID-19 within the next decade, the urgency for improved health systems and preparedness is paramount.
IRQ
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
OPEC extends production cuts boosting short-term oil price stability
12:13 04.11.2024
OPEC oil production increases as Libya resolves political crisis
15:01 01.11.2024
india's energy strategy focuses on natural gas amid growing demand
United States Dollar
Afcons Infrastructure Ltd.
RUS
IND
IRQ
USA
CAN
SAU
Amit Shah
Ajay Seth
David Morrison
Michael Landsberg
Aravind Maiya
Show more
17:37 31.10.2024
Political tensions rise as North Korea supports Russia and US elections heat up
United States Dollar
Swiss Franc
Turkish arms manufacturer
Swiss Medi Kids AG
TUR
UKR
IRQ
CHE
USA
RUS
SYR
Kamala Harris
Stéphane Rossini
Donald Trump
Elisabeth Baume-Schneider
Vladimir Putin
Show more
17:00 24.10.2024
oil market outlook remains bearish amid geopolitical easing and weak demand
11:10 21.10.2024
global health report warns of pandemic risks and premature death reduction strategies
United States Dollar
Global Funds SA
GAVI AG
International Bank For Reconstruction And Development - World Bank Trust Funds
PEPFAR
IRQ
DNK
JPN
SYR
VNM
EGY
CHN
Gavin Yamey
Sarah Johnson
Helen Clark
Seth Berkley
Angela Chang
Show more
18:58 15.10.2024
Trending
Subcategory
Industry Trends
Corporate News
Supply Chain Management
Startups & Entrepreneurship
Global Trade Developments
Government Economic Policies
Industry Mergers & Acquisitions
Retail and Consumer Goods
Finance Mergers & Acquisitions
Financial Scams and Security
Fintech Startups
Emerging Startups
Workplace Trends
Venture Capital Investments
Cryptocurrency Trends
Funding Rounds & Investments
Energy Sector Developments
CEO Changes
Market Analysis and Predictions
Stock Market Updates
Countries:
Companies:
Apple Inc.
Google Inc.
NVIDIA Corporation
Delhivery Limited
Ecom Express Ltd.
Alphabet Inc.
OpenAI ERC USD
Ciscom Corp.
ERICSSON - CLASS B
Physicswallah Ltd.
Learning Resources Inc.
MGA Entertainment Inc.
State Street Global Advisors Luxembourg SICAV - SSGA EMU ESG Screened Equity Fund
Snap Inc.
Tiktok USD
Semiconductor Manufacturing International Corporation
Hua Hong Semiconductor Ltd.
Spotify Technology S.A.
Dropbox, Inc.
Vimeo, Inc.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Vietnamese Đồng
New Taiwan Dollar
United Arab Emirates Dirham
Russian Ruble
South Korean Won
Pakistani Rupee
Algerian Dinar
Australian Dollar
Thai Baht
Japanese Yen
Saudi Riyal
People:
Donald Trump
Ilya Sutskever
Peter Thiel
Amal El Fallah Seghrouchni
Trixie Lohmirmand
Scott Bessent
Jamieson Greer
Joe Jurken
Stephen Roachford
David French
Rick Woldenberg
Marc Rosenberg
Isaac Larian
Hichem Djouhri
Laurina Emmanuel
Tim Cook
Andrew Ferguson
Sheryl Sandberg
Mark Zuckerberg
Pavel Prass