Oil prices rose by about 1. 5% after OPEC+ announced a smaller-than-expected production increase of 137,000 barrels per day from November. Analysts expect short-term gains to be limited by weak demand and seasonal declines.
OPEC+ countries have agreed to increase oil production by 137,000 barrels per day from November to regain market share. This decision was made despite differing views between Russia and Saudi Arabia on the volume of the increase.
Russian President Vladimir Putin stated that North Korea, BRICS, and other “neutral countries” made efforts for a peaceful resolution of the conflict in Ukraine. He noted that the actions of these countries differ from the behavior of Europe and the United States under the administration of former President Joe Biden.
Brent and WTI crude futures rose by 0. 31% and 0.32% respectively, after falling for the previous three sessions. The increase is due to the potential tightening of sanctions on Russian oil and WTI approaching the $60 support level.
Brent and WTI crude futures rose by 28 and 26 cents respectively after two days of declines. Investors are assessing OPEC+'s plans to increase production and the consequences of the US government shutdown.
Hamas negotiators stated that they would conscientiously consider the "peace plan" proposed by US President Donald Trump and provide a response. The plan envisages an immediate ceasefire, an exchange of hostages for prisoners, and the disarmament of Hamas.
Donald Trump has proposed a 20-point peace plan to end the war in the Gaza Strip, which has been approved by Israel, the Palestinian Authority, and a number of Arab countries. Hamas is studying the proposal, while Palestinian Islamic Jihad called it a "recipe for an explosion in the region."
Electronic Arts has been sold for $55 billion to a consortium that includes an investment fund from Saudi Arabia. This deal is the largest in the history of the gaming industry, with the current management remaining in their positions.
Indian oil refining company Nayara Energy Ltd. , partially owned by Rosneft, is resuming operations and sales after a crisis caused by sanctions. The company is working with banks to simplify payments in local currency and is restoring its export network.
Donald Trump's family has doubled its fortune to ten billion dollars since his election as US president in 2024. The main source of enrichment has been the cryptocurrency sector, as well as real estate and consulting.
The Ukrainian national football team defeated the Republic of Korea with a score of 2:1 at the Youth World Cup. Ukraine will play its next match against Panama on September 30 at 23:00.
On September 27, the 24th FIFA U-20 World Cup kicks off in Chile, where Ukraine will play its first match against South Korea. The tournament will last until October 19, 2025.
Microsoft and Asus have officially opened pre-orders for the ROG Xbox Ally and ROG Xbox Ally X, which will go on sale on October 16. Prices for the consoles range from $499 to $1599 depending on the model and region.
The Kingdom of Saudi Arabia will provide $90 million to the Palestinian Authority, as announced by Foreign Minister Prince Faisal bin Farhan. This funding is part of the International Coalition to Support Palestine, founded by Riyadh.
India has appealed to the United States to allow the import of Iranian and Venezuelan oil to compensate for reduced purchases of Russian crude. New Delhi emphasizes the need to maintain the country's energy security and curb the rise in global energy prices.
The Israeli city of Eilat was hit by a drone strike from Yemen, carried out by militants of the "Ansar Allah" group. As a result of the attack, over 20 people were injured, two of them in serious condition.
Ukrainian President Volodymyr Zelenskyy stated that Ukraine is building a new security architecture together with Great Britain, France, and over 30 countries. This is happening after the Budapest Memorandum, which was supposed to guarantee security, "failed" and turned into "empty words."
Russian Foreign Minister Sergey Lavrov arrived in New York to participate in the 80th session of the UN General Assembly. According to Russian media, he will also meet with US Secretary of State Marco Rubio in the United States.
President of Ukraine Volodymyr Zelenskyy stated that he is ready to meet with the head of the Kremlin, Putin, anywhere except Moscow. Negotiations were proposed in Turkey, Saudi Arabia, Qatar, Europe, Austria, Switzerland, and Kazakhstan.
Despite some European countries recognizing the Palestinian state, Israel assures that it will not cease hostilities in Gaza until Hamas releases the hostages.
Oil prices are falling for the fifth consecutive day due to an agreement between Iraq and Kurdistan to resume operation of the oil pipeline. Investors are concerned about a possible oversupply in the global market.
September 21 marks the International Day of Peace, as well as the Day of Peace in Ukraine, established in 2002. Stanislav Zhelikhovsky, a candidate of political sciences, spoke about world initiatives and Ukraine's contribution to peace, as well as diplomatic steps and challenges.
Saudi Crown Prince Mohammed bin Salman and Pakistani Prime Minister Muhammad Shahbaz Sharif signed a mutual defense agreement. The document stipulates that aggression against one country will be considered aggression against both.
The UN General Assembly overwhelmingly adopted a resolution supporting the decision to create a Palestinian state, calling on Israel to recognize its right to statehood. 142 countries voted "for", 10 "against", 12 abstained, while Israeli Prime Minister Benjamin Netanyahu strongly opposed it.
OPEC maintained its oil demand forecasts for 2025-2026, indicating global economic growth. This decision supports the cartel's optimism regarding stable energy prices.
On September 11, 2001, 19 Al-Qaeda terrorists hijacked four planes, directing them at the Twin Towers, the Pentagon, and a field in Pennsylvania. 2,977 people died, which led to a radical rethinking of airport security systems worldwide.
President Zelenskyy stated Ukraine's readiness for negotiations with Russia without a ceasefire or security guarantees. He noted that Putin is deliberately delaying peace initiatives, refusing meetings.
On August 8, oil prices rose by more than 1% due to the threat of new sanctions against Russian exports. OPEC+ is increasing production slower than expected, supporting price growth.
Underwater cables in the Red Sea have been cut, causing internet disruptions in India, Pakistan, and the Middle East. Repairs could take weeks, and the incident occurred amid attacks by Yemen's Houthis.
US President Donald Trump plans to meet with Chinese leader Xi Jinping at the APEC summit in South Korea on October 31 – November 1. Issues of trade, defense, and economic cooperation are being discussed.
