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Keywords: Quotas
OPEC+ has postponed a key review of its members’ maximum sustainable oil production capacity, a process that will help determine production baselines and quotas for 2027. The assessment was originally expected to be completed by the end of September but is now projected to be finalized by mid-November,......
Meeting on Sunday, the leading oil-producing countries are expected to extend their current production guidelines for October. As the conflict with Iran disrupts energy flows in the Strait of Hormuz, the organization now faces a market where its decisions carry less weight than before. OPEC+ is not expected......
The OPEC+ alliance is expected to approve a modest increase in oil production quotas for September, according to sources familiar with the discussions, before temporarily suspending further monthly output increases as the group completes the rollback of its voluntary production cuts. The proposed adjustment......
China has accused the European Union of selectively using economic data to justify stricter trade measures against Chinese products, escalating tensions between two of the world’s largest economic powers. The criticism follows reports that the EU is considering expanding import quotas and tariffs......
The OPEC+ alliance, which brings together major oil-producing countries, has held its first major meeting following the departure of the United Arab Emirates (UAE), a development that has raised questions about the group’s cohesion and future influence on global energy markets. The meeting included......
The United Arab Emirates’ decision to leave OPEC has intensified scrutiny of the oil cartel’s cohesion, as analysts warn that tensions over production quotas could push other members to follow. The move highlights long-standing divisions within the group, particularly between countries investing......
China announced plans to impose an additional 55 percent tariff on beef imports that exceed newly defined country quotas, targeting major suppliers such as Brazil and the United States and closing a year long safeguard investigation into the sector. The Chinese commerce ministry said the measure will......
Canada announced on Thursday it will cut duty-free import quotas for General Motors (GM) and Stellantis by up to 50%, escalating tensions in the North American automotive trade dispute triggered by former President Donald Trump’s tariffs. The decision is a response to both automakers scaling back......
In a dramatic turn of events that has further inflamed the already volatile situation in Bangladesh, three prominent student leaders who spearheaded protests against government job quotas have been taken into custody from a hospital in Dhaka. This development follows deadly nationwide demonstrations,......