The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has called for the complete dissolution of Ghana's Office of the Special Prosecutor amidst ongoing debate on the country's anti-corruption architecture.

The Ghanaian government has announced measures to cut fuel costs, absorbing GH¢2 per litre on diesel and GH¢0.36 per litre on petrol. This decision follows advocacy from groups like COPEC for partial fuel tax cuts to ease the burden on citizens.

Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers (COPEC), has called on the Ghanaian government to make strategic investments in the Tema Oil Refinery (TOR) to bolster the nation's petroleum sector.

OPEC has projected that world oil demand will grow by 1.4 million barrels per day (bpd) in 2026. This forecast provides insight into the cartel's outlook on future global energy consumption.

Nigeria’s crude output continues to lag, missing its 1.5 million bpd OPEC quota for the eighth consecutive month despite a slight increase in March. Read More:…

OPEC has revised down its forecast for global oil demand in the second quarter, signaling a potential slowdown in consumption.

As Opec members have long understood, it is not a good idea to give users of your product an incentive to find alternatives

OPEC Output Fell Most in Decades Last Month on War, Survey Shows  Bloomberg.com

Sri Lanka has announced new concessions for diesel and petrol that will be in effect for three months starting from May. This measure aims to provide relief to consumers amidst economic challenges.

Global markets are preparing for a busy week, with investors closely watching inflation data (CPI), signals from the Federal Reserve, and potential decisions from OPEC+ regarding oil production.

Sinopec Says Has Enough Oil Inventory to Ensure Stable Production for Now  WSJ

Eight members of OPEC+ have agreed to implement a production adjustment of 206,000 barrels per day in May, in addition to existing cuts, to support global market stability.

The Organization of the Petroleum Exporting Countries (OPEC) has agreed to increase oil production quotas by 206,000 barrels per day for May, a largely symbolic rise as some key members struggle to boost output.

OPEC+ members have agreed to hike oil output, though the rise is largely symbolic as some key members face limitations in increasing production. The group also warned of a slow recovery in the oil market, particularly after recent attacks, likely referring to regional conflicts.

According to insiders, OPEC countries are considering increasing oil production to prepare for a potential reopening of the Strait of Hormuz, which has been impacted by the Iran war and led to the largest disruption in oil supply in history.

Sinopec, a major Chinese energy and chemical company, has stated that it possesses enough oil inventory to ensure stable production for the foreseeable future, alleviating concerns about potential supply disruptions, a claim also reported by the Wall Street Journal.

All 1,300 ICA stores in Sweden will pass on the entire VAT reduction to customers, according to sales manager Jan Prokopec, who stated it is in everyone's interest for the reduction to fully reach consumers.

Sinopec, one of China's largest state-owned oil and gas companies, announced it will prioritize the domestic fuel supply for China as global pressures on energy resources continue to mount.

Sinopec has announced that it possesses enough oil inventory to ensure stable production for the foreseeable future.

Sinopec, China's state-owned oil and gas company, has announced its annual profit results to shareholders, detailing its financial performance for the year.

Sinopec, one of China's largest energy and chemical companies, reported a fall in its full-year profit, attributed to weakening fuel demand.

The former president of OPECKEPE, Evangelos Simandrakos, testified in court that he faced intense pressure from former Minister of Rural Development, Lefteris Avgenakis.

Als die arabischen Opec-Staaten 1973 aus politischen Gründen ihre Ölförderung drosselten, schlitterte Europa in eine Rezession.

Iraqi Supply Loss Could Expose The Real Limits Of OPEC Spare Capacity Authored by Julianne Geiger via OilPrice.com, Iraq has already begun shutting in production as exports through the…

A group of eight OPEC+ oil producers announced plans to increase oil production by over 200,000 barrels per day starting in April, signaling a faster pace of supply normalization.

OPEC members have announced their decision to increase oil production rates.

OPEC+ announces more-than-expected oil output  China Daily

The decision by the world's largest oil exporters could ease pressure created in markets by the military conflict in Iran. But analysts warn it may not be enough to prevent prices from rising.

Ropné štáty OPEC+ zvažujú výraznejšie zvýšenie ťažby v reakcii na útoky USA a Izraela na Irán. Rozhodnutie môže citeľne zamiešať cenami ropy.

OPEC+ is reportedly considering a larger increase in oil production, potentially tripling the current output to 411,000 barrels per day, at its upcoming meeting. This consideration follows discussions with the United States and Israel.

Oil prices surged over 2% after indirect talks between Washington and Tehran regarding Iran's nuclear program reached a new impasse, raising questions about potential OPEC intervention.

Sources indicate that OPEC+ is considering a proposal to increase oil production by 137,000 barrels per day for the month of April.

A research group including RIKEN has successfully regenerated hair in mouse experiments by identifying three types of cells necessary for hair regeneration, aiming to apply this to alopecia treatment.

The Indian Express features a daily subject-wise quiz on International Relations, covering topics like OPEC member countries and Area 51.

Kpler reports that OPEC+ is anticipated to resume increases in oil output, signaling a shift in production strategy.

Kpler reports that OPEC+ is anticipated to resume increasing its oil production, signaling a shift in supply strategy.

OPEC+ is anticipated to resume increases in oil output, according to analysis from Kpler, signaling a potential shift in the group's production strategy.

OPEC+ is expected to resume increases in oil output, according to Kpler, a move that could impact global oil markets.

Asia is consuming large quantities of crude oil, but geopolitical factors are causing a shift in the mix of suppliers.

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

OPEC+ is anticipated to resume increasing oil output, according to Kpler, indicating a potential shift in global oil supply.

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

Russia's oil industry is facing significant pressure from international sanctions, ship seizures, and persistently low oil prices.

Kpler forecasts that OPEC+ will likely restart increasing oil production.

Kpler predicts that OPEC+ will resume increasing oil output, signaling a shift in global oil supply strategies.

Kpler predicts that OPEC+ will resume increasing its oil output, impacting global supply.

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

Kpler predicts that OPEC+ will resume increasing oil output, signaling a potential shift in global oil supply strategies.

Oil Broadly Steady Ahead of U.S.-Iran Talks  The Wall Street Journal

Morocco and the OPEC Fund for International Development have signed a new Country Partnership Framework aimed at supporting the country’s development priorities over the 2026-2028 period. The post…

Nigeria's crude oil output, excluding condensate, rose to 1.38 million barrels per day (bpd) in March 2026, up from 1.31 million bpd, but still missed its allocated quota from the Organization of the Petroleum Exporting Countries (OPEC).

The article explores various natural home remedies for female hair loss, including coconut oil, onion juice, and aloe vera, while also emphasizing the importance of addressing underlying causes like stress and diet.

The Chamber of Petroleum Consumers (COPEC) in Ghana has proposed a temporary 50% reduction in the Energy Sector Shortfall and Recovery Levy, known as the 'dumsor levy,' to help alleviate fuel costs for consumers.

Global oil prices surged by 7% after OPEC revised down its demand forecast, coinciding with reports of former President Trump's potential move to block Iranian ports, escalating geopolitical tensions.

Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers (COPEC), has warned that fuel prices in Ghana could increase soon, even as global oil prices decline significantly.

OPEC's second-largest producer is reportedly burning its own natural gas while simultaneously purchasing gas from Iran, raising questions about energy policy and regional trade.

OPEC+ to hike oil output; move sends ‘positive’ signal, but impact might be ‘nominal’: Chinese analysts  Global Times

This article provides an analytical overview of diverse topics relevant to the UPSC examination, including ceramics, the concept of due process of law, and the dynamics of OPEC+. It serves as an explainer for these subjects.

Sinopec announced that it possesses enough oil inventory to ensure stable production for the foreseeable future.

Sinopec announced that it possesses adequate oil inventory to ensure stable production for the foreseeable future.

Oil price swings. Investors watch the next phase of the war with concern

Sources indicate that OPEC+ is likely to discuss and potentially weigh a further increase in oil output during its upcoming meeting on Sunday.

Sinopec, a major Chinese energy and chemical company, has stated that it possesses enough oil inventory to ensure stable production for the foreseeable future, alleviating concerns about potential supply disruptions.

Sinopec has stated that it possesses enough oil inventory to ensure stable production for the foreseeable future, alleviating concerns about supply disruptions.

A Reuters survey has found that OPEC oil output plunged significantly in March, primarily due to export cuts enforced by ongoing conflicts.

Sinopec has announced that it possesses enough oil inventory to ensure stable production for the foreseeable future, addressing concerns about supply chain stability.

Sinopec is focusing on securing China's fuel supply and reducing chemical losses.

Sinopec's profit declined in 2025, attributed to the impact of fluctuating oil prices and challenges within the chemicals sector.

During the Milan-Sanremo women's cycling race, Swiss rider Noemi Rüegg secured second place behind Belgium's Lotte Kopecky, but the event was marred by a severe accident where Debora Silvestri crashed over a guardrail, leading to several riders withdrawing.

OPEC reported that Iran's daily oil production increased by 34,000 barrels in February, indicating a rise in the country's output.

Kuwait, a major OPEC member, has significantly reduced its oil and refinery output due to threats against shipping in the Strait of Hormuz.

Eight OPEC+ countries, including Saudi Arabia and Russia, have agreed to gradually resume oil production, reaffirming their commitment to market stability.

The production increase announced by Opec+ is not reassuring. The price peak comes as Europe replenishes its stocks.

Opec+ agrees 206,000 bpd increase as Iran conflict tests supply routes  thenationalnews.com

OPEC+ agrees to raise oil output by 206,000 bpd from April  Saudi Gazette

Pagrindinės OPEC+ (Naftą eksportuojančių šalių organizacija) narės sekmadienį paskelbė apie didesnį nei tikėtasi gavybos kvotų padidinimą po JAV ir Izraelio smūgių Iranui, po kurių Teheranas ėmėsi…

The increase from April was decided by eight countries in a teleconference. Analysts predict price hikes despite the decision, with tension in Iran keeping markets on alert.

OPEC+ agrees modest oil output boost even as US war on Iran disrupts shipments  Reuters

Oil Rises With Focus on U.S.-Iran Talks, OPEC+ Meeting  WSJ

Sources indicate that OPEC+ is considering an increase in oil output of 137,000 barrels per day for April.

Oil prices dropped to $71 on international markets, as signals from Washington and Tehran ahead of new nuclear talks eased concerns over Middle East oil supplies.

Kpler reports that OPEC+ is anticipated to resume increases in oil output, signaling a shift in production strategy.

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

Kpler reports that OPEC+ is anticipated to resume increasing its oil output, signaling a potential shift in global supply.

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

OPEC+ is anticipated to resume increasing its oil output, according to Kpler, signaling a potential shift in global oil supply dynamics.

Oil prices are experiencing fluctuations as investors assess progress in US-Iran relations, while OPEC+ is anticipated to resume output increases.

Kpler predicts that OPEC+ will resume increasing oil output, indicating a potential shift in global oil supply strategies.

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

Kpler predicts that OPEC+ will resume increasing oil output, signaling a shift in production strategy.

This roundup provides the latest market discussions and insights concerning the energy and utilities industries.

OPEC+ is anticipated to resume increasing oil output, according to Kpler, which could impact global oil supply.

Kpler forecasts that OPEC+ will resume increasing oil output, signaling a shift in the global oil supply strategy.

Kpler predicts that OPEC+ will resume increasing its oil output, indicating a change in production strategy.

Kpler predicts that OPEC+ will resume increasing oil output, signaling a shift in global oil supply strategies.

Kpler predicts that OPEC+ will resume increasing oil output, signaling a shift in global oil supply strategies.

Futures, Global Markets Rise With US Markets Closed For President's Day Stocks gained, bitcoin tumbled and bonds steadied after Friday's cool CPI data reinforced expectations that the Fed will cut interest rates on multiple occasions this year. With US markets closed for the Presidents’ Day holiday and mainland China’s markets closed for Lunar New Year holidays, trading was muted on Monday. As of 9:00am ET, futures on the S&P 500 added 0.4% and Europe’s Stoxx 600 index rose 0.4% as banking shares rebounded from a sharp decline last week. German bunds and Treasury futures were steady after US yields touched the lowest since December on Friday. The path of US interest rates remains in focus following Friday’s slower-than-expected US inflation print as traders fully price a Fed cut in July and the strong chance of a move in June.   “The backdrop for equities is positive post CPI,” said Andrea Gabellone, head of global equities at KBC Securities. At the same time, there could be “more dispersion ahead as sentiment around key AI-exposed sectors is still very critical,” he added.  That sentiment was echoed by other strategists seeking to distinguish between AI losers and winners. A JPMorgan Chase & Co. team led by Mislav Matejka urged caution on stocks at risk of AI-driven “cannibalization,” including software, business services and media companies. Meanwhile, banks are developing baskets to capitalize on the divergence: as we first reported last Thursday, Goldman launched a new basket of software stocks that goes long firms that will benefit from AI adoption, while shorting the companies whose workflows could be replaced. With AI disruption rippling through markets, a lot will come down to earnings resilience, in particular in the US.  “When you look at the current earnings season, the companies are showing 13% of growth,” Nataliia Lipikhina, head of EMEA equity strategy at JPMorgan, told Bloomberg TV. “Overall, this is the reason why we continue to be positive on the S&P.” Later this week, traders will be watching for ADP private payrolls numbers on Tuesday and the minutes from the Fed’s January meeting on Wednesday for a fresh read on the economy. European stocks gained with bank shares rebounding, after posting their biggest weekly decline since April on worries about disruption from artificial intelligence. The basic resources sector lags, with Norsk Hydro among Europe’s worst performers as both Goldman Sachs and RBC downgrade the stock. Stoxx 600 rises 0.4% to 620.26 with 253 members down, 336 up, and 11 unchanged. Here are some of the biggest movers on Monday:  NatWest shares rise as much as 4%, the most since October, as Citi analyst Andrew Coombs raises his price target on the UK bank to a Street-high. Seraphim Space shares rise as much as 9.2%, briefly hitting a new all-time high, after the space tech investment firm said the valuations of its four largest holdings increased over the final months of 2025. AECI shares rally as much as 6.1%, the most since July, after the South African commercial-explosives maker shared improved 2025 headline earnings per share guidance. Orsted shares rise as much as 3.8% after analysts at Kepler raise the recommendation to buy from hold over the Danish renewable energy firm’s outlook, despite ongoing uncertainty for the industry in the US. Norsk Hydro shares fall as much as 4.4%, extending Friday’s 5.9% earnings-triggered drop, after being downgraded at Goldman Sachs and RBC over disappointments and pricing pressures in the Norwegian aluminum company’s downstream business. Galderma shares slip as much as 2.2% after naming Luigi La Corte as its new chief financial officer following the news back in July that Thomas Dittrich was departing. Pinewood Technologies shares tumble as much as 32%, the most since April 2024, after Apax Partners said on Friday it will not proceed with a possible cash offer for the car dealership software provider. FlatexDEGIRO shares drop as much as 7.2% after BNP Paribas downgraded the online brokerage firm to neutral from outperform, saying the price reflects too much optimism about its market position in Germany. Maurel & Prom shares slump as much as 12%, pulling back after ending last week at a 2015-high, after announcing it is not currently authorized to resume oil and gas operations in Venezuela. Barratt Redrow shares fall as much as 3.7%, leading a drop in British homebuilders after Rightmove said house prices are stalling. Asian stocks slipped for a second day, led by declines in Japan as traders booked profits after last week’s post-election rally. Several markets were closed or held shortened trading sessions for the Lunar New Year holiday. The MSCI Asia Pacific Index was down 0.1%. Japan’s Topix Index fell 0.8%, with Mizuho Financial Group Inc. and Toyota Motor Corp. among the companies contributing to the index’s losses.In Hong Kong, AI model developer Minimax Group Inc. surged as much as 30% to more than four times its original listing price, while competitor Knowledge Atlas JSC Ltd. ended 4.7% higher. The market will be closed until Thursday. As investors across the region begin to reevaluate their bets on its artificial-intelligence-driven rally, traders in Japan cashed in gains driven by expectations of Prime Minister Sanae Takaichi’s proactive spending policies last week.Trading in Singapore ended early Monday and will be shut until Wednesday. Equity markets in mainland China, South Korea, Indonesia and Vietnam were closed.  In FX, the yen is the notable mover in currencies, weakening 0.5% against the dollar and pushing USD/JPY back above 153. The offshore yuan is one of the better performers against the greenback. The Bloomberg Dollar Spot Index rises 0.1%. There is no cash trading in Treasuries due to the Presidents’ Day holiday. European government bonds are little changed In commdities, gold dipped below $5,000 an ounce, as traders booked profits from a gain in the previous session. Bitcoin tried anf ailed to stage a modest rebound; it last traded around $68,275 after posting its fourth consecutive weekly loss, with the cryptocurrency struggling to find clear direction as a weekend rally fizzled once the momentum ignition algos emerged.  WTI crude futures tread water near $62.90 a barrel.  Top Headlines President Trump said there will be voter ID rules in the mid-term elections this year, whether Congress approves it or not, and they will present a legal argument in an Executive Order. Furthermore, Trump said he has searched the depths of legal arguments not yet articulated nor vetted on this subject, and they will be presenting an irrefutable one in the very near future. Iran says potential energy, mining and aircraft deals on table in talks with US: RTRS Pentagon threatened to cut its ties with Anthropic over the company’s insistence that some limitations are kept on how the military uses its AI models: RTRS UK eyes rapid ban on social media for under 16s, curbs to AI chatbots: RTRS Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis: BBG Warner Bros. Weighs Reopening Sale Negotiations With Paramount: BBG Companies Are Replacing CEOs in Record Numbers—and They’re Getting Younger: WSJ Europe aims to rely less on US defence after Trump's Greenland push: RTRS DOJ Tells Lawmakers Epstein File Redactions Complied With LawL BBG For College Applicants, Pressure to Make Summers Count Has Gotten Even Worse: WSJ Fed's Goolsbee (2027 voter) said on Friday that they are still seeing pretty high services inflation, and he hopes they have seen the peak impact of tariffs, while he added that the job market has been steady, with only modest cooling.  The Break Is Over. Companies Are Jacking Up Prices Again: WSJ Trade/Tariffs USTR Greer said the US and Ecuador expect to sign a trade agreement in the coming weeks. China will waive import value-added taxes on selected seeds, genetic resources, and police dogs through to 2030 to increase agricultural competitiveness and breeding capacity. It was also reported that China will grant zero-tariff access to 53 African nations from May 1st, according to Bloomberg. Chinese Foreign Minister Wang Yi told his French and German counterparts that China and the EU are partners, not rivals, while he added that China and the EU should manage differences, deepen practical cooperation and work together on global challenges. A more detailed look at global markets courtesy of Newsquawk APAC stocks began the week in the green but with gains limited following a lack of major fresh catalysts from over the weekend and amid thinned conditions owing to holiday closures in the region and North America. ASX 200 traded marginally higher with upside led by tech, although gains are capped by underperformance in the utilities, mining, materials and resources sectors, while participants also digested a slew of earnings releases. Nikkei 225 traded indecisively with the index constrained by disappointing Japanese preliminary Q4 GDP data, which showed the economy returned to growth but failed to meet expectations with GDP Q/Q at 0.1% (exp. 0.4%), and annualised GDP at 0.2% (exp. 1.6%). Hang Seng finished higher in a shortened trading session on Chinese New Year's Eve but with upside limited by tech weakness amid some confusion after the Pentagon added several companies including Baidu, Cosco, BYD, Huawei, Nio, SMIC, Tencent, and more to a list of Chinese firms aiding the military on Friday, but then withdrew the updated list shortly after it was posted. Furthermore, price action was also restricted by the closure of mainland markets and the absence of stock connect flows, which will remain shut for more than a week. US equity futures kept afloat in quiet trade amid the absence of drivers and participants. European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 futures up 0.1% after the cash market closed with losses of 0.4% on Friday. Asian Headlines Chinese President Xi called for the anchoring of economic growth around domestic demand as its main driver, in a speech during a key policy meeting late last year that was released on Sunday. China is to establish a permanent financial support framework to promote rural revitalisation and prevent a slide back into poverty, which represents a shift from transitional aid to long-term support. China’s market regulator summoned major online platform companies on Friday, including Alibaba, Douyin and Meituan, while it directed them to comply with laws and regulations, and rein in promotional practices, according to Bloomberg. US Secretary of State Rubio and Japanese Foreign Minister Motegi reaffirmed their commitment to deepen bilateral ties. Disney (DIS) sent a ‘cease and desist’ letter to ByteDance over Seedance 2.0 and alleged that ByteDance has been infringing on its IP to train and develop an AI video generation model without compensation, according to Axios. It was later reported that ByteDance said it would curb its AI video app following Disney's legal threats, according to the BBC. RBI tightened rules for loans provided to brokers and proprietary firms in an effort to reduce market speculation FX DXY eked slight gains in rangebound trade after a lack of major catalysts and with US participants away on Monday. EUR/USD was little changed amid the absence of any major macro catalysts and with light newsflow from the bloc, while comments from ECB President Lagarde and news that the ECB is to make its repo backstop available to other central banks across the world, did little to spur price action. GBP/USD held on to most of Friday's spoils but with price action contained by resistance around 1.3650 and following comments from BoE's Mann that the UK economy is sluggish and tepid, with consumers spending less due to being scarred by high inflation. USD/JPY edged higher and returned to above the 153.00 level in the aftermath of the weaker-than-expected preliminary Q4 GDP data for Japan. Antipodeans were mixed with little fresh macro drivers and a lack of tier-1 data from either side of the Tasman. Fixed Income 10yr UST futures traded little changed and held on to last week's spoils after returning above the 113.00 level in the aftermath of the softer US inflation data, while price action was contained to start the week by the closure of US cash markets for Washington's Birthday. Bund futures lacked demand in the absence of any major catalysts and with light newsflow from the bloc. 10yr JGB futures were marginally higher following disappointing preliminary GDP data for Q4, but with gains limited after failing to sustain a brief reclaim of the 132.00 level. Commodities Crude futures were rangebound amid light energy-specific newsflow from over the weekend and after last Friday's indecisive performance, where attention was on a source report that noted OPEC+ is leaning towards resuming oil output hikes from April, but with no decision made. Slovak PM Fico said he has information that the Druzhba pipeline has been fixed after damage in Ukraine, although he believes that supplies to Hungary and Slovakia have become a part of political blackmail. Spot gold took a breather after edging higher in the aftermath of the recent softer-than-expected US inflation data, with price action also contained by the holiday closures across Asia and North America. Copper futures were subdued, with their largest buyer away for more than a week due to the Chinese New Year/Spring Festival holiday. Texas venture-backed startup Hertha Metal vowed mass production of steel with 25% cost savings, which could reduce US reliance on imports. Geopolitics: Middle East US military is preparing for potential operations against Iran that could last for weeks if US President Trump orders an attack and the US fully expects Iran to retaliate, according to sources cited by Reuters. US President Trump told Israeli PM Netanyahu during a meeting in December that he would support Israel striking Iran’s ballistic missile program if the US and Iran are not able to reach a deal, according to CBS. Iran confirmed that indirect talks between the US and Iran will resume in Geneva on Tuesday under the mediation of Oman, while Iranian Foreign Minister Araghchi left for Geneva on Sunday. Iranian diplomat said Iran is open to nuclear deal compromises if the US discusses lifting sanctions, while it was also reported that Iran said potential energy, mining and aircraft deals are on the table in talks with the US. Israel’s cabinet approved the proposal to register West Bank lands as ‘state property’, while Palestinians condemned the ‘de facto annexation’ which Peace Now said likely amounts to a ‘mega land grab’. Geopolitics: Ukraine US President Trump said on Friday that Ukrainian President Zelensky is going to have to get moving and that Russia wants to get a deal. US Secretary of State Rubio said they don’t know if Russia is serious about finding an end to the war in Ukraine and will continue to test it, while it was reported that he met with Ukrainian President Zelensky on security and deepening defence and economic partnerships. Ukrainian drones targeted Russia’s Taman seaport and fuel tanks in the Black Sea region. UK and European allies were reported on Friday to be weighing seizing Russian shadow fleet ships and tightening curbs on Russia's economy. French Foreign Minister Barrot said some G7 nations have expressed a willingness to proceed with a maritime services ban on Russian oil, which they hope to include in the 20th sanctions package that they are actively preparing. Geopolitics: Other European Commission President von der Leyen said that they face the very distinct threat of outside forces trying to weaken their union, while she added that mutual defence is not an optional task for the European Union; it is an obligation within their own treaty, and it is their collective commitment to stand by each other in case of aggression. Pentagon said the US military struck an alleged drug cartel boat in the Caribbean, which killed three people. DB's Jim Reid concludes the overnigt wrap I hope you all had a good weekend. To stay in Winter Olympics mood the family watched "Cool Runnings" last night. I haven't seen it for 32 years. Please don't tell anyone but I had a few tears in my eyes at the end. I blamed it on the hay fever that has now started. There will be a lot of tears out there in markets for other reasons at the moment. Just two weeks ago, the idea of AI-driven disruption still felt like an abstract, almost academic thought experiment—something we could safely revisit once we had clearer evidence of how AI would be deployed and integrated across the economy. Fast forward 14 days, and markets have wiped out well over a trillion dollars of global equity value on the fear that AI could fundamentally reshape business models and compress profitability across a wide range of industries, including software, legal services, IT consulting, wealth management, logistics, insurance, real estate brokerage and commercial real estate. Some of the sell off in “old economy” sectors feels overdone to me. But as I argued in our 2026 World Outlook back in November, the real challenge is that even by the end of this year we still won’t have enough evidence to identify the structural winners and losers with confidence. That leaves plenty of room for investors’ imaginations—both optimistic and pessimistic—to run wild. As such big sentiment swings will continue to be the order of the day. My instinct is that the reaction in things like commercial real estate, for example, has been particularly exaggerated. Markets seem to be extrapolating a scenario in which vast numbers of white collar workers are made redundant almost overnight, leading to a dramatic collapse in office demand. If that view turns out to be correct, we’ll be facing societal challenges far larger than anything currently being priced into equities. While trying to catch a falling knife may be too risky for many, beginning to cushion the descent could be sensible in many old economy sectors. Markets can’t sustain a disruption narrative across multiple sectors for months or quarters without concrete evidence — and that evidence is likely to take much longer to emerge. Fascinating times. As for this week, today is a US holiday but inflation will remain in the spotlight at a global level after Friday's slightly softer US CPI which helped contribute to a decent rates rally to end the week. Prints are due in the US (PCE - Friday), the UK (Wednesday), Canada (Tuesday) and Japan (Friday). Other economic highlights will include the FOMC minutes (Wednesday), Q4 GDP in the US (Friday), as well as the global flash PMIs (Friday). Earnings reports will feature Walmart (Thursday), Nestlé (Thursday) and BHP (today). It's the earnings calm before next week's Nvidia storm. In the US, this holiday shortened week (President's Day today) features a data calendar dominated by releases that were pushed back by last year’s government shutdown. The most consequential updates will land on Friday, when the advance estimate of Q4 GDP arrives alongside December’s personal income and consumption figures—key inputs for shaping expectations for the early part of this year. For markets assessing the underlying pulse of demand heading into 2026, private final sales to domestic purchasers (PFDP) will carry more weight than the headline GDP print. This indicator—closely monitored by Fed Chair Powell—is expected by our economists to slow to 2.0% from 2.9% in Q3, though risks appear tilted upward. One swing factor: Wednesday’s durable goods report, where modest gains outside of transportation could soften the deceleration. On the consumer front, real PCE growth is expected to cool to 2.5% after two quarters of outsized strength but should still signal ample momentum heading into the new year. Friday’s income and spending report will also offer the latest reading on core PCE, the Fed’s preferred inflation gauge. Our economists expect another 0.4% monthly increase for December, lifting the year over year rate to 2.9%. Updated seasonal factors from last week’s CPI release suggest some mild downward pressure on inflation trends in the second half of 2025. Still, January’s CPI data, although softer than we anticipated, do not translate into equivalent relief for core PCE—in fact, our team currently sees another 0.4% gain for January's release (delayed until March 13th). Depending on the strength of medical services, airfare, and portfolio management components in the upcoming PPI report, a 0.5% monthly rise cannot be ruled out, which would push the year over year rate toward 3.1%. So don't get too excited about the softer CPI last week and the huge rates rally. Additional releases this week will help clarify whether recent severe winter weather has disrupted factory sector activity. January industrial production, due Wednesday, should benefit from a jump in utility output, while weather effects may weigh on the Empire State Survey tomorrow and the Philadelphia Fed survey on Thursday. Labor market data will also be in focus, particularly Thursday’s jobless claims, which line up with the survey week for the February employment report. As our economists have pointed out, private nonfarm job gains have averaged 103k over the past three months, slightly above the pace at this point in 2025 and matching the start of 2024. See their latest US employment chartbook here. This week will also feature a dense lineup of Federal Reserve speakers which you can see alongside all the key global data in the day-by-day week ahead calendar at the end as usual. Moving away from the US, inflation will also be in focus in Japan (Friday) and Canada (tomorrow). For the former, our Chief Japan Economist sees the January nationwide CPI showing a slowdown in both core CPI inflation ex. fresh food to 2.1% YoY (+2.4% in December) and core-core CPI inflation ex. fresh food and energy to 2.7% (+2.9%). Also important will be the global flash PMIs due on Friday as a health check on global growth. In Europe, the spotlight will be on UK inflation (Wednesday), with labour market data due tomorrow and retail sales on Friday. Our UK economist expects headline CPI inflation to drop to 3.0% YoY (3.4% in December) and core CPI also landing at 3.0% YoY (3.2% YoY). See more in his full preview here. In terms of key rate decisions, the RBNZ are expected to remain on hold on Wednesday. Finally, the Munich Security Conference wrapped up over the weekend, where key topics included Ukraine, Russia, and the fate of Greenland. And while US Secretary of State Marco Rubio’s speech was nothing like Vice President JD Vance’s at last year’s conference, which triggered a “wake-up” call for European leaders, Rubio reiterated the administration’s view that Europe needed to leave behind its focus on energy policies, trade and mass migration. Recapping last week now, the tech volatility that has dogged markets since the start of the month broadened into a far more indiscriminate sell-off. The trough came on Thursday, marked by a sharp drop in software stocks, but the weakness extended well beyond tech. Companies across wealth management, real estate and financials suffered double digit declines, underscoring how widespread the pullback has become. Market breadth confirmed this shift as the equal weighted S&P 500 fell -1.37% on Thursday, though it managed to finish the week up +0.29% (+1.04% on Friday). Ultimately, the sell-off left the major US indices on the back foot: the S&P 500 slipped -1.39% (+0.05% on Friday), the Nasdaq lost -2.10% (-0.22% on Friday), and the Magnificent 7 slid -3.24% (-1.11% on Friday). Although the AI scare dominated sentiment, a heavy slate of US data also shaped the market narrative. Early in the week, softer prints—including flat December retail sales, a dovish Q4 Employment Cost Index, and slower Q4 growth expectations from the Atlanta Fed—pushed Treasury yields lower across the curve. That picture shifted midweek after a stronger than expected January jobs report, which delivered the largest gain in nonfarm payrolls (+130k vs. +65k expected) since December 2024 and reinforced confidence that the US economy carried solid momentum into 2026. Then on Friday, January CPI came in below expectations, adding another dovish note. Although the data offered mixed signals at times, the overall takeaway was sufficiently dovish for traders to increase the number of expected rate cuts by December 2026 to 63.4bps (+7.7bps on the week). This helped drive the largest weekly drop in the 10 year Treasury yield since August 2025, down -15.8bps (-5.0bps on Friday) to 4.05%. The 2 year yield also moved sharply lower, falling -8.9bps to 3.41% (-4.8bps on Friday), its lowest level since 2022. European markets, meanwhile, delivered a comparatively resilient performance. The STOXX 600 (+0.09%, -0.13% Friday), DAX (+0.78%, +0.25% Friday) and FTSE 100 (+0.74%, +0.42% Friday) all posted modest gains for the week. European sovereign bonds rallied as well, with the 10 year bund yield dropping -8.7bps—its steepest weekly decline since April 2025. That move was outpaced by gilts, which fell -9.8bps (-3.6bps on Friday) despite a sharp early week sell-off triggered by renewed questions surrounding Prime Minister Keir Starmer’s position. Elsewhere, performance was mixed. Brent crude edged down -0.44% (+0.34% on Friday), while gold extended its upward run, rising +1.56% (+2.43% on Friday). Will London’s half term week finally give us a quiet week in 2026? You’d probably have to guess at ‘unlikely’. Tyler Durden Mon, 02/16/2026 - 09:40

OPEC has reported that Iran's crude oil production reached 3.06 million barrels per day (bpd) in March, indicating a steady output from the nation.

"Hopecore" is identified as a new cultural trend in Hollywood, suggesting a shift towards more optimistic narratives after decades of gritty and pessimistic movies and TV shows.

The Chamber of Petroleum Consumers (COPEC) in Ghana has announced a potential GH¢1.70p relief for consumers. This relief is expected to impact fuel prices and consumer spending.

Alopecia is estimated to affect close to 30% of women in Spain, with premenopause and menopause being decisive stages for hair density loss due to hormonal changes, alongside other contributing factors.

New scientific research, including a study in mice, suggests that inflammation could be key to reactivating hair growth, potentially leading to future treatments for alopecia.

OPEC+ countries issued a joint statement warning that restoring damaged energy infrastructure in the Middle East would be costly and time-consuming, impacting global supply availability.

Diesel prices in Germany reached an all-time high over the Easter weekend, while OPEC announced an increase in oil production, potentially offering some relief to prices.

Key OPEC+ producers, led by Saudi Arabia and Russia, have agreed to increase oil production targets for May by approximately 206,000 barrels a day, while also anticipating a prolonged impact on global supply due to the Iran War.

Sinopec, a major Chinese energy and chemical company, has stated that it possesses adequate oil inventory to ensure stable production for the foreseeable future.

Sinopec, a major energy company, has stated that it possesses adequate oil inventory to ensure stable production for the foreseeable future, reassuring stakeholders about its operational capacity.

India's crude oil prices have reached a four-year high, prompting discussions within OPEC about a potential increase in output to stabilize the market.

Russia's President Putin and Saudi Crown Prince Mohammed bin Salman have discussed the situation in the Middle East and cooperation within the OPEC+ framework, according to the Kremlin.

Sinopec has announced that it possesses enough oil inventory to ensure stable production for the foreseeable future.

O bife é português, o leite também, mas a ilusão da cadeia curta paga portagens globais. O custo da agropecuária no mundo movido a petróleo: a fatura começa no Médio Oriente e acaba no nosso  prato.

Chinese oil giant Sinopec has announced it possesses adequate oil inventory to guarantee stable production in the immediate future, amidst global energy market fluctuations.

China's Sinopec will not buy Iranian oil, wants to tap state reserves  Reuters

Der slowenische Weltmeister siegte bei der 117. Auflage des Klassikers im Sprint vor dem Briten Thomas Pidcock. Bei den Frauen triumphierte Lotte Kopecky

Exclusive: Top global refiner Sinopec to cut crude runs by over 10% on Mideast supply squeeze, sources say  Reuters

The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has renewed calls for Ghana to establish a dedicated strategic fuel reserve fund to strengthen the country’s ability to respond to disruptions in global petroleum supply.

Can wearing hats, helmets or hijabs cause hair loss? A trichologist explains the myth, the real risks like traction alopecia and scalp buildup, and how to protect your hair if you wear headgear daily.

Czechia’s ‘celebrity priest’: Martina Viktorie Kopecká on modern ministry in the Czechoslovak Hussite Church  Radio Prague International

OPEC+ has decided to boost its oil production, citing signs of stability in the global oil market.

Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has warned that the ongoing hostilities in the Middle East will significantly impact the next shipments, leading to…

It is unclear who is governing Iran, the fourth-largest oil producer in OPEC, after U.S.-Israel strikes killed Ayatollah Ali Khamenei.

OPEC announces expansion of oil production +++ Rosneft Deutschland remains under federal trusteeship +++ News in the company live blog.

Crisis meetings at German shipping companies after attack on Iran +++ OPEC apparently wants to expand oil production more strongly +++ Rosneft Germany remains under federal trusteeship +++ News…

Analysts say Iran conflict likely to increase cost of crude by 5-15% when markets reopen on Sunday

Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman together pump around 42 million barrels of oil per day.

The virtual meeting by the eight members of the Organization of the Petroleum Exporting Countries and allied nations (OPEC+) known as the "Voluntary Eight" (V8) comes a day after the U.S.

Opec will offenbar Ölförderung stärker ausweiten +++ Bayern-Präsident gegen „50+1“-Regel +++ Warner-Übernahme durch Paramount besiegelt  +++ Neuigkeiten im Unternehmen-Liveblog.

Oil prices jump on Iran attack fears while US stocks fall  The Daily Star

OPEC+ is reportedly considering increasing oil production by 137,000 barrels per day in April, anticipating a rise in summer demand and oil prices.

OPEC+ delegates anticipate that the group will resume modest increases in oil supply.

According to Kpler, OPEC+ is anticipated to resume increasing its oil output.

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

OPEC+ is anticipated to resume increasing its oil output, according to Kpler, signaling a potential shift in global oil supply dynamics.

Oil prices remain volatile due to geopolitical tensions and oversupply concerns, with OPEC+ expected to resume output increases and Asia's crude oil consumption shifting supplier mix.

Oil Edges Higher as Investors Weigh U.S.-Iran Progress  The Wall Street Journal

OPEC+ is anticipated to resume increases in oil output, according to Kpler, signaling potential shifts in global oil supply.

OPEC+ is expected to resume output increases, according to Kpler, indicating a potential shift in global oil supply strategies.

Oil futures showed mixed performance as markets focused on ongoing U.S.-Iran talks and expectations for OPEC+ to resume output increases. The EU also stated no short-term oil supply risk for Hungary and Slovakia.

Kpler reports that OPEC+ is anticipated to resume increasing its oil output, signaling a shift in production strategy.

Kpler reports that OPEC+ is anticipated to resume increasing its oil output, signaling a shift in production strategy.

Kpler predicts that OPEC+ will resume increasing oil output, signaling a shift in global oil supply strategies.

Kpler reports that OPEC+ is anticipated to resume increasing its oil output, signaling a shift in production strategy.

Kpler predicts that OPEC+ will likely resume increasing its oil output.

Kpler predicts that OPEC+ will resume increasing its oil output.

Oil prices are consolidating, with market participants weighing the potential impact of an anticipated supply increase from OPEC+.