Financial Times - oil producers spring surprise output cut of more than 1mn barrels a day

Summary of the front page

The Financial Times splashes on the revelations from oil producing nations that they will be cutting back production by more than a million barrels a day.

According to the paper, the move has put Saudi Arabia on a “collision course” with the US as it attempts to boost prices.

Today's top stories

SEI 31471691 f99c

Two Latvian nationals arrested for entering RAF Molesworth in Cambridgeshire

Two Latvian men, aged 36 and 32, were arrested at RAF Molesworth in Cambridgeshire on suspicion of entering a prohibited area for a purpose prejudicial to the UK. The arrests follow a perimeter breach discovered during Ministry of Defence Police patrols. Both men remain in custody while investigations continue.

696x392 cmsv2 ab370565 1d94 56b6 a244 22982661505f 9944342

G7 to release 100 million barrels of oil to address energy prices

The G7’s plan to release up to 100 million barrels of oil aims to fulfil its commitment from March’s 400-million-barrel emergency release, according to an internal IEA document. Despite some European nations already meeting obligations, ongoing tensions in the Middle East continue to impact diesel supply.

2026 08 20T214446Z 836053663 MT1USATODAY29628805 RTRMADP 3 GOLF LIV GOLF INDIANAPOLIS FIRST ROUND 17

Jon Rahm to leave LIV Golf due to unacceptable contract terms

Jon Rahm has announced his departure from LIV Golf, citing “unacceptable” terms following a review of the proposed LIV 2.0 structure. His lawyer informed a bankruptcy hearing that Rahm will not participate in the circuit’s planned next phase as it seeks to resolve ongoing financial issues.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement