OPEC Secretary General Haitham al-Ghais dismissed the IEA's prediction of an oil supply glut, citing a lack of factual basis. He emphasized OPEC's focus on fundamentals rather than speculative forecasts, warning that such headlines increase market volatility.
Oil prices dropped Thursday after President Trump signed a deal with Iran to end the Middle East war. The IEA flagged a potential supply glut next year, while Trump warned of renewed attacks if Iran violates the agreement.
Oil prices fell Thursday following reports of a deal between US President Donald Trump and Iranian counterpart Masoud Pezeshkian to end the Middle East war. The International Energy Agency also warned of a potential supply glut in 2027.
Top Thai influencer Pimrypie (Pimradaporn Benjawattanapat) conducted a four-hour live stream selling premium Monthong durian at 100 baht ($3) per fruit, well below market rates of 700-800 baht for jumbo sizes. The livestream drew 700,000 peak viewers and nearly 8 million Facebook views, generating 2 million order comments. Pimrypie purchased produce from farms in Chanthaburi, the world's durian capital, selling at a loss to help Thai farmers amid a supply buildup. Thailand has 850,000 video-commerce sellers driving 1.3 billion transactions.
