Kuwait stated that it does not support (Bloomberg) accelerating a planned increase in oil output by the Organization of the Petroleum Exporting Countries (OPEC) and allied producer nations, collectively known as OPEC+, to push down global prices, despite calls from the United States to do so. It followed similar statements from Algeria, Angola, Iraq, and Nigeria. The bloc will meet Thursday.
This Backgrounder looks at OPEC in a changing world.
Lebanon: The country’s oldest English-language newspaper, the
Daily Star,
will shut down (AFP) due to financial difficulties. It is the latest blow to the country’s once-flourishing press.