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Opec+ group of leading global oil producers could bring forward its output hikes by around a year from the initial plan, Igor Sechin, head of Russia's largest oil producer Rosneft, said on Saturday. He also said that the decision by the Opec+ to speed up the output increase now looked farsighted and justified in light of the confrontation between Israel and Iran. The Organization of the Petroleum Exporting Countries and its allies, led by Russia, shocked oil markets in April by agreeing to a bigger-than-expected output hike for May despite weak prices and slowing demand. Opec+ has since decided to continue with more than planned hikes. 'The announced increase in production since May of this year is three times higher than the alliance's initial plan. In addition, the entire increase in Opec+ production could be shifted a year ahead of plan,' he said without elaborating. 'The decision taken by Opec leaders to forcefully increase production looks very farsighted today and, from the market's point of view, justified, taking into account the interests of consumers in light of the uncertainty regarding the scale of the Iran-Israel conflict,' he added.
South China Morning Post
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Decoding PLA moves around Taiwan: 3 categories, 3 levels of signalling?
Manoeuvres around Taiwan by the People's Liberation Army have become a routine affair, but their tempo and intensity have steadily increased in recent years. Advertisement What were occasional sorties before 2020 have evolved into a well-coordinated campaign designed not only for combat training but also for strategic signalling. But not all PLA operations around Taiwan are the same. They fall into three main categories: near-daily aerial patrols, combat-readiness patrols, and large-scale joint forces exercises – each varying in scale, intensity and purpose. So what kind of signals do each of these send? Near-daily patrols PLA Air Force sorties around Taiwan have been carried out on an almost daily basis since 2021, with a sharp increase in numbers observed since 2024, after Taiwanese leader William Lai Ching-te assumed office. Advertisement According to PLATracker, an open-source database based on Taiwanese defence ministry reports, fewer than 20 PLA aircraft entered Taiwan's air defence identification zone (ADIZ) in 2019.
