OPEC+ expected to slash oil output

21 Sept 08:15 Key points summarised by AI

Major oil producers, OPEC+, are set to implement a substantial output cut of up to two million barrels per day, marking the largest reduction since the Covid-19 pandemic began.
This significant cut aims to bolster slumping oil prices, which have recently fallen due to concerns about global economic slowdown and reduced demand.
The decision comes despite strong opposition from consumer nations, including the US, who advocate for increased oil supplies to lower prices amid soaring inflation and potential recession.
Analysts note that many OPEC+ members are already struggling to meet existing production quotas, potentially making the proposed cuts easier to implement effectively.

Macron condemns those who 'sought to bring down the Republic' after rioting mars nationwide protests

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.