OPEC+ to Discuss Gradual Oil Production Increase Starting in May:
The OPEC+ alliance revealed that ministers from eight oil-producing countries
will meet on Thursday to discuss plans for a gradual increase in crude oil production.
This move is part of the ongoing reversal of the significant output cuts that began in 2022.

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OPEC+

BYD

China

OPEC+ to Discuss Gradual Oil Production Increase Starting in May

The OPEC+ alliance revealed that ministers from eight oil-producing countries
will meet on Thursday to discuss plans for a gradual increase in crude production.
This move is part of a broader strategy to reverse the deep output cuts implemented since 2022.

According to sources within the alliance, member states led by Russia
are expected to agree on increasing production by about 135,000 barrels per day starting in May.
This would be the second step in a phased plan to unwind voluntary cuts.

At the same time, the alliance continues to pressure producers who exceeded
agreed production levels in recent months,
urging them to reduce output to compensate for the excess supply temporarily.

BYD Electric Vehicle Sales Surpass One Million in Q1 Backed by Domestic Demand

China’s BYD reported strong growth in electric vehicle (EV) sales in the first quarter of 2025,
driven by increasing domestic demand for new energy vehicles.

According to the company’s official filing with the stock exchange, new energy vehicle sales rose 60%,
surpassing the one-million-unit mark in the year’s first three months.
According to CNN, fully electric vehicle sales jumped 39% to exceed 416,000 units.

This performance follows an exceptional 2024 for the company,
in which BYD recorded a record $107 billion in revenue,
surpassing its American rival Tesla, which reported $97.7 billion in the same period.

China Launches First Sovereign Green Bond Sale Worth $826 Million, To Be Listed in London

In a historic move to enhance its sustainable financing efforts,
China launched its first sovereign green bond sale,
aiming to raise up to 6 billion yuan ($826 million)
With plans to list the bonds on the London Stock Exchange.

China’s Ministry of Finance set initial yield guidance for the yuan-denominated bonds
at 2.3% for three-year maturities and 2.35% for five-year maturities.
According to a source familiar with the matter, the final pricing will be announced today.

This move marks a key milestone in Beijing’s push to strengthen financial ties with the UK.
An investor roadshow in London preceded it as part of a broader strategy to enter the European market,
the world’s largest hub for sustainable debt.

The plan was first introduced during the UK Chancellor’s visit to Beijing in January,
where both governments agreed to deepen financial cooperation and expand capital market partnerships.

This comes as China ramps up its global market activity,
following a $2 billion bond issuance in Saudi Arabia in November and another €2 billion in Paris last September.

Despite a global slowdown in green bond issuance in 2024,
China has maintained its lead as the world’s largest green bond issuer this year.

OPEC+ to Discuss Gradual Oil Production Increase Starting in May

OPEC+ to Discuss Gradual Oil Production Increase Starting in May

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