Global Oil Cuts
West Asia war: Iran threatens to halt Gulf trade as US mulls new sanctions
Iran warns of blocking key Gulf trade routes as US plans tougher sanctions and ramps up pressure on Tehran. Here are the top updates at 10 am IST
 "West Asia war: Iran threatens to halt Gulf trade as US mulls new sanctions")
US to block Iranian ports along Strait of Hormuz: Decoding the impact
US forces will begin restricting Iran-linked ships in the Strait of Hormuz starting today. While others can pass, the move puts focus on key Gulf ports and risks to global oil supply routes
 "US to block Iranian ports along Strait of Hormuz: Decoding the impact")
Why West Asia peace is hanging by a thread despite US-Iran ceasefire
Ahead of US-Iran talks in Islamabad, the ceasefire faces pressure from Israeli strikes in Lebanon, disputes over Iran's nuclear programme and tensions over shipping through the Strait of Hormuz
 "Why West Asia peace is hanging by a thread despite US-Iran ceasefire")
Saudi Arabia's economy suffers biggest contraction since 2020 on oil cuts
Gross domestic product shrunk 4.5% in the third quarter compared to a year earlier, driven by a 17% drop in the oil economy
 "Saudi Arabia's economy suffers biggest contraction since 2020 on oil cuts")
Oil prices edge higher as Saudi Arabia cut outweighs bearish backdrop
The unexpected build in fuel inventories raised concerns over consumption by the world's top oil user, especially as travel demand grew during the Memorial Day weekend
 "Oil prices edge higher as Saudi Arabia cut outweighs bearish backdrop")
Oil firms collectively cut the value of their assets by nearly $50 bn in Q2
London-based BP has previously said it plans to cut its overall output by roughly 1 million barrels of oil equivalent (boepd) by the end of 2030 from its current 3.6 million boepd
 "Oil firms collectively cut the value of their assets by nearly $50 bn in Q2")
Amid falling global prices, US and Mexico agree to cut crude oil output
The OPEC nations have agreed to "a different limit reduction of about 23 per cent", said US President Donald Trump
 "Amid falling global prices, US and Mexico agree to cut crude oil output")
Putin says Russia and Saudi Arabia will maintain oil cuts for 6-9 months
The current version of the deal by the so-called Opec+ coalition calls for production cuts of 1.2 million barrels a day
 "Putin says Russia and Saudi Arabia will maintain oil cuts for 6-9 months")
Here's why Opec's global oil cuts might result in sharp price spikes
The group's spare capacity has ballooned to about 3.4 million barrels a day, as of November, compared with about 2 million a day at the outset of the production curbs
 "Here's why Opec's global oil cuts might result in sharp price spikes")