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OPEC+ agreed to surge output again in June, as the group’s leaders continue an accelerated revival of supply aimed at punishing over-producing members that has sent crude prices plunging.  Key nations led by Saudi Arabia and Russia agreed to add 411,000 barrels a day next month, according to a statement on OPEC’s website following a … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Anthony Albanese has ridden a wave of anti-Trump sentiment to win a landslide second term as Australian prime minister, just three months after polls suggested he faced a humiliating defeat.  Albanese has become the first … Read more

Australian Prime Minister Anthony Albanese was re-elected in Saturday’s vote with an expanded majority, projections show, becoming the nation’s first leader in 21 years to win back-to-back elections. Albanese will enter his second term as a Labor hero after leading his party to successive victories. Australian Broadcasting Corp. was projecting at 10:05 p.m. Sydney time … Read more

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Eight Opec+ members, including Saudi Arabia and Russia, announced a second consecutive monthly increase of 411,000 barrels a day for June, even as oil prices continue to slide because of fears of oversupply and economic … Read more