Opec+ announces sharp increase in July oil production
The Island
|June 02, 2025
Dawn News: Saudi Arabia, Russia and six other key Opec+ members announced on Saturday a huge increase in crude production for July.
-
They will produce an additional 411,000 barrels a day — the same target set for May and then June — according to a statement, which is more than three times greater than the group had previously planned.
In recent years the 22-nation group had agreed to daily reductions of 2.2 million barrels with the aim of boosting prices.
Cette histoire est tirée de l'édition June 02, 2025 de The Island.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Island
The Island
India sold $31.98 billion to defend its Rupee in Jan-Oct 2025
Aimed at stabilising the Indian rupee amid persistent global and domestic pressures, the Reserve Bank of India (RBI) sold dollars to the tune of $31.98 billion on a net basis during the first 10 months of 2025.
2 mins
January 05, 2026
The Island
Grade 6 module controversy: SLPP asks PM to resign
The SLPP has demanded the resignation of Prime Minister and Education Minister Dr. Harini Amarasuriya over a controversial Grade 6 English module, noting that a Ministry official should not be scapegoated.
1 min
January 05, 2026
The Island
Sri Lanka's recovery: A boon for banks, a burden for many
As Sri Lanka's economy charts a fragile path toward recovery in 2026, the latest corporate earnings data reveals a stark and widening divide.
1 mins
January 05, 2026
The Island
Hotel Supplier recognised at CNCI Awards 2025 for industrial excellence
Ranyan Industries (Pvt) Ltd., the creators of the Amami brand, was honored with the Sliver Award and Top Achiever Award in the Small Category at the CNCI Achievers Awards 2025, organized by the Ceylon National Chamber of Industries in collaboration with the Ministry of Industry and Entrepreneurship Development.
1 min
January 05, 2026
The Island
Australian skier Brown, 15, earns historic win
Australian teen sensation Indra Brown announced herself as one of the potential stars of next month's Winter Olympics as she continued a remarkable start to her World Cup career with a maiden victory in the women's freeski halfpipe.
1 mins
January 05, 2026
The Island
Chamod, Amasha clinch sprint titles
Printers Chamod Yodasinghe and Amasha de Silva claimed the 60m titles as the likes of Nimali Liyanarachchi and Lakshika Sugandi remained unchallenged in their respective pet events at the season opening National Short Track Championship held at the Sugathadasa Stadium 200metres track on Saturday.
1 mins
January 05, 2026
The Island
Beyond blame: The systemic crisis in Sri Lanka's medicine regulation
The recent suspension of ten Indian-manufactured injections by Sri Lanka's medicines regulator has done more than ignite a fresh “substandard medicines” scare.
3 mins
January 05, 2026
The Island
Tips for great sleep
Although children can sleep well, most adults have trouble getting a good night's sleep.
4 mins
January 05, 2026
The Island
Ayurvedic Drugs Corporation records highest-ever revenue in 2025
The Sri Lanka Ayurvedic Drugs Corporation (SLADC) has recorded its highest annual revenue since inception, earning Rs. 1,688 million in 2025, marking a historic milestone for the stateowned institution.
1 mins
January 05, 2026
The Island
Earthfoam sweeps 2025 awards season with five national recognitions
Earthfoam Private Limited, Sri Lanka’s premier manufacturer of natural latex sleep products, has swept the 2025 awards season, securing five major national accolades for excellence in exports, innovation, and sustainability.
1 min
January 05, 2026
Listen
Translate
Change font size