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China’s Xi says ‘upgrading’ Venezuela relations after meeting Maduro

China’s President Xi Jinping has held a meeting with his Venezuelan counterpart, Nicolas Maduro, during which the two leaders agreed to upgrade their countries’ relations. Chinese state media said the two leaders on Wednesday signed several bilateral cooperation documents focused on areas including the economy, trade and tourism after the talks in Beijing. Xi said…

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OPEC’s Oil Output Plunges: May Witnesses a Drop of 460,000 Barrels/Day, Fueling Market Uncertainty

In a surprising turn of events, the Organisation of Petroleum Exporting Countries (OPEC) experiences a significant plunge in oil production during May, leaving the market in a state of uncertainty. The output decline of 460,000 barrels per day (bpd), compared to April, and a staggering reduction of over 1.5 million bpd since September, is primarily…

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