UAE Archives

Cracks Appear in OPEC+ Facade as Kazakhstan Seeks Production Hike – By Hemantha Yapa Abeywardena Source : oilfutures The OPEC+ alliance is bracing itself for yet another acid test in the next few days, as Kazakhstan, a key member from the Central Asian region, said on Tuesday that it wanted to have a bigger quota in 2025, when the currents oil output cuts expire. Unless the members of the OPEC+ settle the dispute amicably, the group is going to face a potential test of unity, before the scheduled meeting on June 1, to discuss the next move; maintaining the oil production cuts, lifting it up or in the worst case scenario, increasing it further. The fact the Kazakhstan move is already in the public domain shows that there is discord within the OPEC+ over the existing production cuts – or any further rise to shoring up the falling oil prices. The ...

Inexperienced but audacious young Lankans dare to dream BY TREVINE RODRIGO IN MELBOURNE Geelong braces itself for an invasion as cricket fans in Australia and around the world swarm to Melbourne’s popular holiday hotspot over the weekend beginning October 16. Barely a fortnight after the AFL Grand final winning celebrations, residents expect a massive influx of Cricket fans numbering many thousands who will throng GMHBA Stadium to watch teams from Sri Lanka, Namibia, UAE and the Netherlands battle it out in the qualifying rounds for the top two spots in group A to play in the main event. Hospitality will be stretched to breaking point, but the ICC are satisfied that the town is ready to meet all expectations related to accommodation and other hosting services. Thousands of cricket mad Sri Lankans who always dominate crowd numbers at cricket games in Melbourne are expected to outnumber all else, and they ...