OPEC+ decided to increase its oil production quotas by 206,000 barrels per day for May, a modest rise largely symbolic due to the ongoing U.S.-Israeli war with Iran that has shut the Strait of Hormuz, a key oil route. This closure has severely disrupted exports from major Gulf producers like Saudi Arabia, UAE, Kuwait, and Iraq, pushing crude prices near $120 a barrel and causing global fuel price spikes. Despite the quota increase, actual supply growth is minimal as infrastructure damage and sanctions limit production capacity. The group signals readiness to boost output once the strait reopens, but significant supply disruptions are expected to continue in the near term, with potential for prices to spike further if the conflict persists.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Solana (SOL) has gained about 30% from its June low, trading around $78 and surpassing its 50-day EMA. The token's upward momentum is supported by increased speculative trading and a new SuperTrend buy signal, the first since October 2025. However, i...
Kenmare Resources reported weaker-than-expected production in the first half of 2026 due to commissioning delays at its Wet Concentrator Plant A, with ilmenite output down 40% year on year in Q2. Despite this, shipments increased by 53% as the compan...
Ramsdens Holdings PLC shares rose 13.6% to 670p following an improved takeover offer from US pawnbroking group FirstCash. FirstCash increased its cash bid to 675p per share from 600p, raising the total offer value to up to £232 million, including div...
