Latest news with #delegates
Bloomberg
2 days ago
- Business
- Bloomberg
Oil Traders Expect a Fourth Bumper OPEC+ Oil Supply Increase
Oil traders expect OPEC+ will agree a fourth bumper oil supply increase this weekend as group leader Saudi Arabia continues its bid to reclaim market share. Eight key OPEC+ nations are preparing to discuss another hike of 411,000 barrels a day, due to take effect in August, delegates said last week. They'll likely approve the move when they hold a video conference on Sunday, according to a survey of 26 traders and analysts.
Bloomberg
5 days ago
- Business
- Bloomberg
OPEC+ Is Set to Weigh Another Super-Sized Oil Output Increase
OPEC+ is set to consider extending its run of super-sized production increases at a meeting next month, as group leader Saudi Arabia leads a push to recoup market share. Eight key OPEC+ nations have agreed on bumper 411,000 barrel-a-day increases in each of the previous three months. Several delegates, who asked not to be identified, said their countries are ready consider the same hike again for August when they convene on July 6.
Bloomberg
5 days ago
- Politics
- Bloomberg
Climate Events Fight for Attention Amid Global Conflicts
This week major climate events in Bonn and London were held as military conflicts escalated across the Middle East. Today's newsletter looks at how delegates maintained focus on the continuing threat of global warming amid wars and other geopolitical distractions. For unlimited access to climate and energy news, please subscribe. By John Ainger
Bloomberg
25-06-2025
- Business
- Bloomberg
Turkey Steps Up Race Against Australia to Host COP31 Talks
By Updated on Save Turkey is ramping up a campaign to host next year's annual United Nations climate talks, rivaling a competing proposal from Australia for the event that attracts tens of thousands of delegates. The nation aims to stage the COP31 talks, scheduled to open in November 2026, in the resort city of Antalya, according to a government statement Wednesday.
Bloomberg
10-06-2025
- Business
- Bloomberg
Gold Edges Lower as Traders Track US-China Trade Talks
Gold edged lower as traders tracked the progress of US-China trade talks, with both sides signaling a willingness to make concessions. Bullion was trading around $3,320 an ounce, after gaining 0.5% on Monday. Delegates from the world's two largest economies concluded the first day of negotiations in London, as the US indicated it may ease certain restrictions on technology exports, in exchange for assurances that China will relax limits on rare earth shipments. Negotiations are set to continue Tuesday.
