UAE Oil Head Says OPEC Exit Gives Ability to Speed Up Investment
The United Arab Emirates’ surprise exit from OPEC gives it greater ability to accelerate investment and expand, the head of the country’s state-run oil company said.
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Major Russian Oil Export Port Primorsk Suffers Fire From UAV
Russia said Ukraine attacked Primorsk port on the Baltic Sea, a key oil export hub, causing a fire that local authorities said was quickly extinguished.
Takaichi Set for Australia Visit to Strengthen Japan Alliance
Japan’s prime minister is set to arrive in Australia to strengthen ties with one her country’s strongest allies as she seeks to build on an updated regional strategy laid out in Vietnam.
OPEC+ Meeting Offers Chance to Show Unity After UAE’s Shock Exit
This weekend’s talks among OPEC+ nations provide the oil producer group with an opportunity to project unity after the shock departure of longtime member the United Arab Emirates.
Philippines Accuses China of Conducting Illegal Marine Research
The Philippine Coast Guard said four Chinese vessels were conducting illegal marine scientific research in its waters and threatened to deploy aircraft and boats to repel them.
South African Wine Estates Become Focus for Global Buyers
Global investors are pouring money into commercial wineries in and around Cape Town, even as wine sales slow worldwide. French, German, and Norwegian consortiums are buying into one of the few wine-producing regions where vineyard prices are still climbing. Bloomberg’s Jennifer Zabasajja reports. (Source: Bloomberg)
Vietnam Inflation Quickens as Iran War Raises Energy Costs
Vietnam’s inflation picked up more than expected in April, as a surge in global energy prices driven by the Iran war began feeding through to transport and input costs.