Read the latest news from regional and global sources, presenting different voices and perspectives.
OPEC+ to raise oil output by 548,000 bpd in August as group accelerates production rebound amid market pressure
Profit by Pakistan Today
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July 5, 2025
OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped — and then retreated — following Israeli and U.S. attacks on Iran. The group,...
OPEC+ to expand oil output in August
NHK
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The world's major oil producing group OPEC Plus says it will further increase crude oil production in August. Eight OPEC Plus members, including Saudi Arabia and Russia, agreed during an online meeting on Saturday to raise output by 548,000...
Opec+ decision to raise production a ‘calculated risk’
Oman Observer
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July 5, 2025
MUSCAT, JULY 5 A leading Omani energy expert has described Opec+’s decision to raise oil production by 548,000 barrels per day (bpd) starting August as a “calculated risk” based on encouraging market signals. The move, announced on Saturday, July...
Indonesia, Saudi Arabia ink $27b deals in energy, mineral sectors
The Jakarta Post
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ndonesia and Saudi Arabia have sealed US$27 billion in private sector deals across various fields, including clean energy, petrochemicals and aviation fuel services. The agreements were signed on Wednesday at Al-Salam Palace in Jeddah, where...
OPEC+ further accelerates oil output hike by 548,000 bpd in August
Saudi Gazette
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July 5, 2025
Saudi Gazette report RIYADH — Eight oil-producing nations of the OPEC+ alliance agreed on Saturday to increase their collective oil production by 548,000 barrels per day in August. The decision to further accelerate oil output hike was taken...
Oil Prices Lower on Report US-Iran Nuclear Talks Will Restart
Yahoo Finance
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Oil barrels stacked on each other by Kalulu via iStock August WTI crude oil (CLQ25) today are down -0.69 (-1.02%), and August RBOB gasoline (RBQ25) is down -0.0146 (-0.69%). Oil prices are trading lower after Axios reported that the US plans to...
OPEC+ to boost crude oil production in August
United Press International (UPI)
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A gas flame is seen in the desert at Khurais oil field, about 100 miles from Riyadh, Saudi Arabia. File photo by Ali Haider/EPA July 5 (UPI) -- Eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per...
GOP mega-bill axes billions of dollars in clean-energy subsidies. It could help China. Republicans in Congress produced a surprise winner this week when they axed hundreds of billions of dollars in federal clean-energy subsidies. Read More »
Yahoo News
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Republicans in Congress produced a surprise winner this week when they axed hundreds of billions of dollars in federal clean-energy subsidies: China’s artificial intelligence industry. China is pouring money into energy production to support its...
OPEC+ may accelerate oil output in Aug
The Manila Times
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July 5, 2025
LONDON — The Organization of the Petroleum Exporting Countries (OPEC+) may make an increase in oil output for August at its meeting on Saturday that is larger than the 411,000 barrels per day (bpd) hikes it made for May, June and July, three...
Oman and Saudi Arabia launch Phase II of industrial integration
Times of Oman
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Riyadh: The second stage of the industrial integration initiatives between the Sultanate of Oman and the Kingdom of Saudi Arabia kicked off on Saturday within the activities of the Economy, Trade and Industry Committee of the Oman-Saudi...
Mugging of 5 lakh Saudi Riyals: Five placed on remand, 1 sent to jail
The Business Standard
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July 5, 2025
A Dhaka court has placed five individuals on different terms of remand over their suspected link to mugging foreign currencies, including 5 lakh Saudi Riyals, in the capital's Tejgaon Industrial area. One suspect has been sent to jail. Dhaka...
Iraq’s oil exports to India drop 4% in early 2025
Shafaq News
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2025-07-05T15:44:22+00:00 font Enable Reading Mode A- A A+ Shafaq News - Baghdad/New Delhi Iraq’s crude oil shipments to India averaged 860,000 barrels per day (bpd) in the first half of 2025, down 4% from 900,000 bpd during the same period last...
OPEC+ speeds up oil output hikes in August
Nikkei Asia
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LONDON (Reuters) -- OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped - and then retreated - following Israeli and U.S. attacks on...
Why GTA 5’s Saudi Arabia release signals a bigger worldwide launch for GTA 6
Sportskeeda
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July 5, 2025
While most in the Grand Theft Auto fanbase are awaiting GTA 6, those in Saudi Arabia are looking forward to the release of GTA 5, which came out originally in 2013 but has been banned in the country since 2018. Nevertheless, it has proven to be a...
Saudi Arabia activates its first THAAD company to strengthen its missile defence
Atalayar
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July 4, 2025
Saudi Arabia has finally decided to launch its first company dedicated to the THAAD (Terminal High Altitude Area Defence) missile defence system, as part of an ambitious plan to strengthen its national security. According to the Saudi Press Agency...
Saudi priority is permanent Gaza ceasefire, Foreign Minister says
The National News
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Saudi Arabia's priority is to reach a permanent ceasefire in Gaza, despite growing speculation about the kingdom establishing relations with Israel, Foreign Minister Prince Faisal bin Farhan said on Friday. Prince Faisal was asked about the future...
The Video Game Industry in Saudi Arabia: Between Entertainment and Political Influence
Muwatin
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July 5, 2025
Under the Federation’s umbrella, numerous competitions and tournaments have been launched, including the Saudi Esports League, the School League, the Saudi University League, the Saudi Fighting Games League, and others. Approximately 30 companies...
Business InsightsBrics leaders meet under pressure from tariffs, oil shocks and climate rifts
The National News
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When the leaders of the Brics group of developing countries gather on Sunday for their 17th annual summit, the backdrop is one of the most geopolitically volatile the bloc has faced in years, with trade tension, regional conflicts and energy...
Saudi Arabia strengthens air connectivity with Serbia, Indonesia
The Peninsula
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July 4, 2025
Riyadh: The Kingdom of Saudi Arabia, represented by the General Authority of Civil Aviation (GACA), today signed an air transport services agreement with the Republic of Serbia, represented by its Ministry of Construction, Transport and...
OPEC+ increases oil production again
Portugal Pulse
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July 5, 2025
“The eight participating countries in the meeting will implement a production adjustment of 548,000 barrels per day in August 2025,” compared to July, surpassing the initially forecasted 411,000 by analysts, announced the Organization of the...