1. OPEC+ plans to gradually increase its oil production: The Organization of the Petroleum Exporting Countries (OPEC) and its allies – also known as OPEC+ – plan to gradually increase oil production to return supply to levels before the 2023 production cuts, with the aim of completing this process by the end of September 2026. The group plans to restore about 550,000 barrels of oil per day (corresponding to a third of the remaining voluntary reductions of 1.65 million barrels per day) through three monthly increases.
2. Germany approves a project to build new gas power plants: The German federal government has officially approved a plan to build new gas power plants to ensure national energy security, especially when renewable energy is not enough to cover demand. This project was approved by the Council of Ministers following a proposal from the Federal Minister of the Economy, Katherina Reiche.
3. Nvidia’s market capitalization reaches $5.7 trillion: Nvidia’s market capitalization hit a record high of $5.7 trillion on May 14, as the artificial intelligence (AI) chip giant’s stock price jumped more than 4%. This sharp increase is part of the dynamics of the technology sector, before the publication of the results expected the following week.
4. India increases fuel prices at the pump for the first time in four years: Indian state-owned companies have increased the prices of gasoline and diesel by 3 rupees ($0.03) per liter, or more than 3%, to partially offset losses due to rising global crude oil prices. In Delhi, the price of diesel is now Rs 90.67/litre and that of petrol is Rs 97.77/litre, increases of 3.4% and 3.2% respectively from the previous prices of Rs 87.67/litre and Rs 94.77/litre.
5. The United Arab Emirates accelerates the development of alternative oil routes bypassing the Strait of Hormuz: According to the “Times of Israel” on May 15, the communications office of the government of the United Arab Emirates (UAE) announced that the country will accelerate the construction of a new oil pipeline in order to double its export capacity via the port city of Fujairah by 2027. This project will allow United Arab Emirates to reduce its dependence on the sea route passing through the Strait of Hormuz.
6. US-China Summit: First trade agreements: On May 15, US President Donald Trump claimed to have reached “excellent” trade agreements with Chinese President Xi Jinping during his state visit to Beijing. He notably revealed that China had offered its help to restore maritime traffic in the Strait of Hormuz.
Source : https://baotintuc.vn/kinh-te/diem-tin-kinh-te-the-gioi-noi-bat-ngay-1552026-20260515211252903.htm
