BusinessGlobal
OPEC+ Raises September Oil Production Target by 188,000 Barrels a Day
Seven OPEC+ countries raised their combined September production target by 188,000 barrels a day, bringing the published required total to 31.01 million.
Business
Romania Senate Passes Fuel Bill Cutting Diesel Excise by 300 Lei per 1,000 Liters
Romania's Senate adopted a six-month fuel-market bill that would cut diesel excise by 300 lei per 1,000 liters, apply 19% VAT to gasoline and diesel, cap markups and restrict diesel exports. It is not yet law.
Business
EU Farmers Get Fertiliser Relief as Input Costs Threaten Food Prices
The EU has adopted targeted measures to help farmers absorb higher fertiliser costs, but the package is a liquidity and supply response rather than an instant cut in grocery prices.
Business
Producer Prices Jumped Again in May. The Harder Problem Is What Energy Is Starting to Touch.
May's producer-price report was not just another inflation print. It showed an energy shock that is still climbing through the business pipeline even as investors try to convince themselves consumer demand will absorb the hit.