OPEC+ will consider the option of a larger supply increase when key members meet on Sunday after the US and Israel launched an attack on Iran, according to a delegate.
US strikes on Iran and the Islamic Republic's regional retaliation creates new risks for a significant chunk of the world’s oil supply. Analysts are closely watching developments on the Strait of Hormuz as well as the Kharg Island terminal in the northern Gulf – Iran’s main logistical hub where there were reports of an explosion on Saturday.
China’s solar power generation overtook wind for the first time last year as a boom in cheap panels continues to reshape the country’s grid and climate trajectory.
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