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Surprise move: Opec+ announces deep production cuts to stabilise crude markets
Saudi Arabia, the United Arab Emirates and other key oil-producing members of the wider Opec+ alliance have announced surprise production cuts totalling more than 1.1 million barrels per day, declaring their intention is to stabilise crude markets. Several nations, led by Opec kingpin Saudi Arabia, on Sunday made a coordinated move to further curtail oil…
North Korea ratifies landmark defense pact with Russia
SEOUL, Nov. 12 (UPI) — North Korea ratified a defense treaty with Russia, state media reported Tuesday, formally deepening military cooperation that has seen Pyongyang send thousands of troops to help Moscow in its war against Ukraine. The “comprehensive strategic partnership” treaty was ratified on Monday by a decree from North Korean leader Kim Jong…
The US economy is booming — but Japan and the UK just slipped into recession. Here’s why.
The US economy managed to shake off Wall Street’s gloomy forecasts and dodge a long-predicted slump last year — but the same can’t be said for two other members of the G7. Japan and the UK are both officially in recession, according to figures published Thursday, after Gross Domestic Product (GDP) fell for two consecutive…
Poland to close Belarus border amid Russian Zapad military exercises
Poland has announced that it will close its border crossings with Belarus due to Minsk hosting large-scale joint military exercises with Russia. “For national security reasons, we will close border crossings with Belarus at midnight on Thursday night,” said Prime Minister Donald Tusk at a meeting with his cabinet on Tuesday afternoon. “As you know,…
Breaking News | Israel | NewsIsrael slams ‘blood libel’ as South Africa turns to ICJ over Gaza ‘genocide’
The department cites the concern of Gazan civilians caught in the crossfire, and accuses Israel of “indiscriminate use of force and forcible removal of inhabitants.” South Africa on Friday asked the International Court of Justice in the Hague to start legal proceedings against Israel on grounds it has violated its obligations under the Genocide Convention…
Tensions Rise in the Caribbean: Venezuelan Oil Tanker Retreats Amid U.S. Interception Concerns
A massive oil tanker laden with Venezuelan crude made a hasty return to Venezuelan waters on Tuesday, following a series of U.S. interceptions of vessels in the Caribbean. According to maritime tracking service TankerTrackers.com, as reported by Reuters, the Panama-flagged vessel Kelly had set sail from Venezuela last week alongside another tanker, the Centuries. Both…


