OPEC+, which represents nearly half of global oil supply, announced plans to gradually increase production starting in April 2025. The 18-month phased approach will reverse previous output cuts at a slower pace than initially expected.
The OPEC+ alliance is set to convene on Thursday, with expectations that the group will extend production cuts through the first quarter of 2025. While this move could help alleviate near-term oversupply pressures, it also underscores lingering concerns about global demand dynamics.
On 04 December 2024, the Indonesian Anti-Dumping Committee (KADI) launched an investigation into alleged anti-dumping practices involving homo-polypropylene (homo-PP) imports under HS code 3902.10.40 from eight countries