Opec - the Organisation of the Petroleum Exporting Countries - was formed in 1960 by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. It aims to influence the global price of oil by agreeing how much its oil members sell. As of 2025 Opec produced 36.7% of global crude oil - down from over half (52.5%) in 1973.
The Bitcoin price extended losses, falling further into the $75,000 threshold, typical of the sell the news situation. Bitcoin’s inability to reclaim levels above $78,000 has coincided with cautious positioning rather than aggressive selling. The Fed split drove a classic ‘sell the news’ dip below the 20-day MA, but price stabilized near pre-announcement levels and open interest fell.
The spring budget projects Canada will remain in a deficit over the next five years, hovering around C$50bn by 2031. The savings are being used to justify billions of dollars in new spending to train thousands of skilled workers and set up Canada's first-ever sovereign wealth fund. But the budget also warns that despite the savings, Canada is not immune to financial setbacks in the long-term.
The UAE’s decision to leave OPEC marks a crucial turning point in global energy politics. The UAE's exit weakens OPEC+ discipline, its oil is still priced in dollars, Asian buyers must compete for secure supplies, and Fujairah's role grows. UAE's departure from OPEC does not weaken the dollar.
Check AP SSC 10th Class Result 2026 on April 3, at 11:00 AM. Students will need their official roll number or hall ticket number as mentioned on the admit card to access the download marks memos. To access and download the AP Ssc Results 2026, stduents are strongly advised to use the government's official portals.
"We could be running a different kind of marathon, at the hypothetically, theoretical limit," he says. With further modeling, a new benchmark could be 1 hour, 54 minutes – five minutes, 30 seconds faster than the current record. "That kind of time would set a whole new record," he adds.
Some pro voters put in bids for more than a dozen of their favorite songwriters. Lana Del Rey and Fiona Apple both made it onto their list of the 30 greatest living songwriters despite getting only two votes. Tom Waits, Patti Smith, Billy Joel, Jimmy Webb, Jackson Browne, Stephen Schwartz, Beyonce or James Taylor also made the list.
The hippos, known as ‘cocaine hippos’ are descended from animals brought to the country in the 1980s by Pablo Escobar. The hippos are part of a population of 200 that continues to reproduce unchecked. Colombia’s environment minister announced the country would be making a concerted effort to kill at least 80 of the animals.
Jeff Bezos: Trump critic-turned-friend and Amazon founder. Steve Schwarzman: Blackstone CEO and Trump donor, worth an estimated $39.9 billion. John Paulson: Trump megadonor and hedge fund manager, worth $4 billion. Pepe Fanjul: Palm Beach sugar magnate and his family control a real estate and sugar empire.
Inquiry into rise in antisemitism in Australia recommends gun reform. Report found no urgent changes were required to keep Australians safe. 15 people were killed in a shooting at a Hannukah celebration in Sydney last year. The government established the Royal Commission on Antisemitism and Social Cohesion.
The Sinaloa Cartel "is one of the most violent criminal organizations in the world," U.S. officials say. The defendants allegedly aided the cartel in a variety of essential roles, including:shielding cartel leaders from investigation, arrest, and prosecution;.leaking sensitive law enforcement and military information to members of the cartel and allied drug traffickers.
"My concern is really about the series of illegal attacks on the Fed which threaten our ability to conduct monetary policy without considering political factors," Powell said. Powell was asked about the impact of the ongoing oil price shock and said that "in the textbook, you would look through an oil shock because they tend to be short-lived"
The first official of the former Assad regime went on trial in Damascus on Sunday. Human rights activists and protesters were prosecuted at the Palace of Justice. Many of them were sentenced to death after unfair trials. The opening of this trial has brought some of them closure, and hope that the path towards justice has finally begun.
The Senate could vote on Warsh's nomination the week of May 11. It's not clear whether the current Fed chief will stay on as a member of the board. Powell said last month that he would not leave the Fed until the criminal probe was concluded with “finality”
The U.S. Supreme Court ruled that Louisiana’s 2024 election map was “an unconstitutional racial gerrymander.” The court technically kept Section 2 of the Voting Rights Act intact. The decision is the latest in a series of rulings that have all but gutted the landmark 1965 law.
The U.S. Supreme Court is set to make a major decision on the future of the Voting Rights Act. The court will decide whether or not to change the law to make it easier to draw congressional districts. The decision will have a major impact on the way minority voters are represented in Congress.
Charles and Camilla are on a four-day visit to the U.S. intended to both celebrate America’s 250th anniversary and to help repair the country's strained "special relationship" with the UK. They will commemorate the 25th anniversary of the September 11 terrorist attacks by laying flowers at one of the memorial pools. The royal couple will return to Washington D.C. Wednesday night.
Researchers tested whether birds perceived female versus male observers differently in five European countries. The birds allowed men to get a metre closer than women in the study, only taking flight when male participants were 7.5 metres away. The findings defied the expectations of researchers, who hypothesised that birds would perceive men as more threatening than women.
Some reporting has incorrectly conflated Wyden’s warning with a classified March 17 opinion from the Foreign Intelligence Surveillance Court. Two years before the leaks, Wyden had warned the public of a secret intelligence court interpretation of Section 215 of the PATRIOT Act. Wyden also deposited a classified Dear Colleague letter with House Security.
Buffalo, New York, has cultivated a reputation for its small-town feel and welcoming atmosphere, especially to visitors crossing the border from Canada. The Buffalo Sabres are an outlier in the National Hockey league as the only team to celebrate their northern neighbours – even when a matchup is between two US-based teams.
Qualcomm shares surged as CEO Cristiano Amon said that it would begin shipping data center chips to "a large hyperscaler" within the calendar year. This year has brought a memory price surge that's hit Qualcomm's end market of consumer electronics. Qualcomm's automotive segment was up a record 38% year-over-year.
The term “86” comes from the lingo of restaurants and bars, meaning to kick someone out of the establishment or cancel an order. The number 86 can be used in slang to express disapproval, according to the Merriam-Webster dictionary. “I still believe in the independent federal judiciary, so let’s go.”
Brenton Tarrant claimed he made the guilty pleas while he was "irrational" and under a poor mental state. He argued he was incapable of making rational decisions at the time of his plea because of "torturous and inhumane" conditions in prison. The dismissal of his appeal appears to end the possibility of Tarran ever facing a trial.
Burke gained fame in 2022 after songs he recorded on his phone for his Fortnite-brand gaming videos went viral on TikTok. On April 23, 2025, the day after they quarreled over her threats to expose him, Burke sent for her in an Uber ride, then "stabbed the victim to death" after she arrived.
Police have found a body believed to be that of a missing five-year-old girl. Her mum raised the alarm on Saturday night after she discovered her daughter had vanished from her bed. Northern Territory Police say the body of a young Aboriginal girl has been found. The search for her suspected murderer continues.
A case tied to a Boston hockey legacy has erupted. The U.S. Justice Department has launched an inquiry into whether the NFL has violated antitrust laws. The NBA has acknowledged that Los Angeles Lakers guard Marcus Smart Lane is a product of the L.A. area. A new study is challenging how and when people work. The son of Bruins Legend Arrested in…
French-language platform Coco has been linked to crimes including rape, murder and sexual abuse of children. Between 1 January, 2021 and 7 May, 2024, "no fewer than 23,051 legal proceedings related to the Coco platform" were initiated. "The reopening of the Coco site is a real slap in the face to the promises of protection we've made," says Women's Foundation.
King Charles and Queen Camilla are in the middle of their first U.S. state visit since taking the throne. The ladies of the Trump family, Ivanka, Lara, and Tiffany, dressed to the nines for the official state dinner. The first full day of the King and Queen’s visit to the US began with a formal welcome ceremony, and both Camilla and Melania wore light-coloured outfits.
As hundreds of thousands of Haitians died in the catastrophe, Miot fled to the United States. He was granted temporary protected status, a short-terter status. But last year, the Trump administration attempted to revoke his status and send him back to Haiti. Miot says refugees from many countries, including Haiti and Syria, received temporary protected Status because of natural disasters or civil wars.
Amazon Web Services posted net sales of $37.6 billion, topping estimates of around $36.8 billion. The figure marked 28% year-over-year growth, the fastest pace in 15 quarters. The Seattle-based e-commerce and cloud giant also reaffirmed full-year capital expenditure guidance.
UAE’s exit from OPEC marks a major change in the global oil market. Oil markets are absorbing a structural shock following the United Arab Emirates’ decision to exit Opec after six decades. “Assuming geopolitical tensions stabilise, crude could move back into an $80 to $95 range as incremental barrels come through.”
The United Arab Emirates announced it was leaving OPEC on April 28. The decision was apparently designed to avoid freaking out the oil market. The UAE is now pushing hard for a much higher share of OPEC’s output. The country is seeking to lift its limit to roughly 5 million barrels per day.
Iran had been pumping over 3 million barrels of crude oil a day before the war. Iran’s oil industry long a shaky lifeline from the moment it first struck oil in 1908. Iran may be forced to dramatically reduce or cease production from some of its wells, perhaps beginning in as little as two weeks.