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Real-time News
January 4th - OPEC+ representatives stated that despite political tensions between major member Saudi Arabia and the United Arab Emirates, and the US arrest of the president of Venezuela, a smaller oil-producing nation, OPEC+ is likely to maintain stable oil production at its meeting on Sunday. OPEC+ raised its oil production target by approximately 2.9 million barrels per day between April and December 2025, equivalent to nearly 3% of global oil demand. In November 2025, the organization agreed to suspend planned production increases in January, February, and March. Three OPEC+ sources indicated on Sunday that no adjustments to this policy are expected at this meeting.On January 4, Ukrainian President Volodymyr Zelensky signed a decree implementing the National Security and Defense Councils decision to impose sanctions on 95 individuals and 70 legal entities, most of whom are Russian citizens. The sanctions primarily target companies and executives associated with the Russian defense industry complex, covering sectors such as communications, electronic warfare, microelectronics, as well as the chemical, metallurgical, mining, and fuel energy industries.On January 4th, Amena Bakr, a reporter for Energy Intelligence Group, stated on social media that OPEC+ will hold a meeting at 1 PM Vienna time today (8 PM Beijing time tonight). The market widely expects the policy to remain unchanged, meaning no increase in production in the first quarter. Its important to note that OPEC+ will not react to changes in the political situation unless there are immediate supply fluctuations or fundamental shifts. Indeed, Venezuela possesses the worlds largest proven oil reserves, but for those American international oil companies that might risk venturing into this capital-intensive "minefield," we can only wish them good luck.On January 4th, the State Council issued the "Action Plan for Comprehensive Management of Solid Waste," further promoting the comprehensive management of phosphogypsum. The plan adopts a "one-pronged approach per phosphogypsum storage facility" to investigate and rectify environmental risks and hazards. It strengthens environmental management in the storage, transportation, and utilization of phosphogypsum, strictly enforces pollution control technical specifications for phosphogypsum utilization and harmless storage, and severely punishes environmental violations related to phosphogypsum according to law. By 2027, Yunnan, Hubei, Guizhou, Sichuan, Anhui, Chongqing, and other regions will have completed the rectification of existing phosphogypsum storage facilities.On January 4th, the State Council issued the "Action Plan for Comprehensive Management of Solid Waste," aiming to improve the legal and regulatory system. The plan promotes the compilation of an ecological and environmental code and the revision of the Circular Economy Promotion Law. It also encourages polluting entities to disclose environmental information on industrial solid waste in accordance with the law and incorporate this information into environmental credit evaluation. The plan revises regulations and rules concerning the recycling and disposal of waste electrical and electronic products, hazardous waste management permits, and construction waste. It also accelerates the promulgation of management measures for the comprehensive utilization of power batteries for new energy vehicles. Furthermore, it improves the statistical survey system for bulk solid waste and renewable resources, and strengthens the statistical and evaluation system for the circular economy.
