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In the World 4th May 2026

OPEC+ to increase production in June by 188,000 bpd from additional voluntary cut announced in April 2023

Link Securities | The seven countries of the OPEC+ alliance, which had previously announced voluntary oil production cuts in April and November 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, held a meeting yesterday, Sunday, to review global market conditions and their outlook. In their collective commitment to supporting market stability, the seven participating countries decided to implement a production increase of 188,000 barrels per day from…

In the World 30th April 2026

US consumer confidence rebounds in April against forecasts, rising to 92.8 points from previous 92.2

Intermoney | Consumer confidence, for example, rebounded in April against forecasts (rising to 92.8 points from the estimated 89.0). Although the current conditions indicator fell slightly due to the uncertainty caused by the conflict and higher energy prices, at least the six-month outlook offered a more optimistic view (123.8 points compared to the expected 120.0). Households’ outlook improved in particular due to perceptions of the labour market, with the proportion…

In the World 30th April 2026

United Arab Emirates to leave OPEC on 1 May, leaving door open for other members to follow suit

Bankinter | The United Arab Emirates (UAE) announced yesterday its decision to leave OPEC on 1 May, a move it says will help it meet changing demand. The news is significant because: (i) it produces around 3 million bpd (3% of global output). Against a backdrop of structurally high oil prices, the UAE would prefer not to be subject to constraints and specific quotas. (ii) It reflects internal tensions within…

In the World 27th April 2026

Investigation into Powell over cost overruns in renovation of Fed buildings closed; confirmation of Kevin Warsh moves forward

Bankinter | The Department of Justice has closed its investigation into Jerome Powell over cost overruns in the renovation of the Fed’s headquarters. US Attorney Jeanine Pirro stated that, instead, she has asked the Fed’s internal oversight body — the Office of the Inspector General — to examine the cost overruns in the renovation of the central bank’s headquarters in Washington. With the review being transferred to the internal oversight…

In the World, World economy 22nd April 2026

IMF and World Bank to mobilise additional $150 billion to mitigate energy shock in emerging economies

Norbolsa | Last weekend saw the conclusion of the IMF and World Bank meetings, amid concerns over the impact of geopolitical shocks and the fleeting optimism generated by news of the opening of the Strait of Hormuz. Nevertheless, it became clear that the expectation of the US as a decisive force in resolving global conflicts cannot be sustained, given the increasing frequency of geopolitical impacts. Nevertheless, they committed to mobilising…

In the World 20th April 2026

IEA executive director says two years needed to recover lost Middle East energy production

Link Securities | According to a report by Reuters, Fatih Birol, executive director of the International Energy Agency (IEA), stated that it will take around two years to recover the energy production lost in the Middle East due to the conflict between the United States and Iran. He said this would vary from country to country. In Iraq, for example, it would take much longer than in Saudi Arabia. Furthermore,…

In the World 17th April 2026

China’s GDP grows 5% year-on-year in Q1 2026, largest increase in last three quarters

Link Securities | According to data from the National Bureau of Statistics (NBS), China’s Gross Domestic Product (GDP) grew by 5.0% year-on-year in Q1 2026, accelerating from the 4.5% growth recorded in Q4 2025 and exceeding analysts’ forecasts of 4.8% growth. This figure represents the largest year-on-year increase in the last three quarters as the Chinese government braces for the potential impact of the war in Iran. So far, the…

In the World 16th April 2026

US to launch system for issuing refunds to US importers next Monday

Norbolsa | The Trump Administration plans to launch the system it will use to issue refunds to US importers next Monday, according to a spokesperson for US Customs and Border Protection. The system, known as CAPE, will consolidate the refunds so that importers affected by the court ruling on Trump’s tariffs receive a single electronic payment with the corresponding interest. The Agency’s announcement stated that 56,497 companies have completed the…

In the World, World economy 16th April 2026

International Energy Agency believes crude oil market experiencing biggest supply shock in its history

Bankinter | The International Energy Agency (IEA) has published its monthly report. Weakness in both supply and demand. It believes that the crude oil market is experiencing the biggest supply shock in its history due to the war in Iran. This has a direct impact on prices, demand, inventories and inflation. Specifically, it estimates that crude oil demand in 2026 will fall by 80,000 barrels per day on an annual…

In the World 13th April 2026

US CPI for March yet to reflect full impact of Iran conflict: 3.3%, slightly below 3.4% expected

Bankinter | The CPI rose slightly less than expected in March: 3.3% against an estimate of 3.4% and a previous reading of 2.4%. Core rate 2.6% compared to an estimated 2.7% and the previous 2.5%. Analysis team’s view: the monthly figure (0.9% month-on-month) is the highest since June 2022, driven by the energy shock following the outbreak of the conflict in the Middle East. The rise excluding energy is more…

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