Iraq firmly opposes any additional oil production cuts ahead of the OPEC+ meeting scheduled in Vienna on June 1. Oil Minister Hayyan Abdul Ghani emphasized Iraq’s refusal to support new reductions due to its critical economic needs. This decision reaffirms Iraq’s commitment to current export levels while aiming to stabilize oil prices amid persistent economic […]
Related Posts
Oil Prices Dip 1% Due to Uncertainty in Market Supply
On Friday, oil prices experienced a 1% decrease as investors pondered if existing supply limits would uphold prices. This consideration came amid worries about American pipeline activities and reports from the Organization of the Petroleum Exporting Countries (OPEC). Excitement from a recent U.S. job report soon dwindled, reducing demand expectations. In the trading world of […]
Opinion: Legislators Rally Against Judicial Overreach in Brazil
(Opinion) In Brazil, 15 government senators have united to curb the Supreme Federal Court’s (STF) extensive powers. This bipartisan effort supports a constitutional amendment reflecting widespread concern over the court’s reach. Their actions transcend party lines, showing a shared desire for judicial restraint. Senate Government Leader Jaques Wagner and other government senators back the opposition […]
Sudan Severs Ties with UAE: Red Sea Port Deal Cancelled Amid Conflict Allegations
Sudan has terminated a $6 billion agreement with the United Arab Emirates to develop a new Red Sea port. The decision comes as tensions rise between the two nations. Sudan accuses the UAE of supporting the Rapid Support Forces in the ongoing conflict. Finance Minister Gibril Ibrahim announced the cancellation on November 3, 2024, in […]