Business
Global oil dynamics enter volatile phase after UAE decision: Peter McGuire
Speaking to ET Now, Peter McGuire, CEO, Australia-Trading.com said the decision has come at a critical moment for the market, noting, “These are early hours on this decision. We understand the significance 12% of production… it blindsided OPEC.”
He also highlighted the speed of the move, adding, “It is a quick decision… they are waiting 48 hours sort of thing,” while pointing out that “prices are up from here I would say.”
On the broader oil outlook, McGuire linked price direction to ongoing geopolitical tensions, asking, “How long is this situation going to run for?” He suggested that if tensions persist, “you are going to see prices move up from here.” Referring to current levels, he noted, “You have got WTI just on 100. I am expecting prices to continue uptick,” and further warned that “120 is going to be a… and it could be there sooner than later.”
On the question of whether the UAE’s exit could weaken OPEC+ cohesion, McGuire said, “It is not going to galvanise the strength of it,” adding that “it is going to put a chink in armour” and raising uncertainty over “who is going to be next.”
He also emphasized the UAE’s strategic focus on domestic priorities, stating, “UAE to focus on national interest,” and added, “They need income and they need to ratchet that up.” He further pointed to infrastructure advantages, mentioning “the opportunity for buyers using Fujairah as a hub.”
Overall, market participants remain cautious as the oil landscape adjusts to both geopolitical risks and shifting producer dynamics, with the UAE’s move adding another layer of uncertainty to an already volatile environment.
Business
What do shoppers think about the future of their high street?
Freshney Place is being renovated to include a new food hall and five-screen cinema.
Business
Key Booking Trends and Their Influence on Thailand’s Economy
Motor Show 2026 saw record 130,000 bookings, driven by EV demand and shifting consumer priorities. Growth relies on imports, highlighting the need for domestic EV production, supply chain development, and fair competition.
Key Takeways
🚗 Booking Trends
- Record 130,000 car bookings, the highest ever.
- Driven by strong demand for electric vehicles (EVs), boosted by high oil prices from Middle East conflict.
- Chinese automakers gained significant market share, reflecting shifting consumer preferences.
👥 Consumer Behavior
- Buyers now prioritize value for money and technology over brand loyalty.
- EVs often chosen as second or additional household cars, making consumers more open to new entrants.
📉 Conversion & Risks
- About 70% of bookings expected to convert into deliveries, lower than the 75–80% average in 2022–2025.
- Tight credit conditions for EVs (high down payments, shorter loan terms).
- Risk of cancellations due to new model launches or long delivery times.
Record High Bookings at Motor Show 2026
Motor Show 2026 achieved a record-breaking 130,000 car bookings, driven largely by the growing popularity of electric vehicles (EVs) and changing consumer preferences in Thailand. Chinese automakers gained significant market share as consumers prioritized “value for money and comprehensive technology” over brand loyalty. Rising oil prices due to the Middle East conflict further accelerated the shift toward EVs, often chosen as a second vehicle, leading to increasing interest in newer automakers entering the Thai market.
Delivery Rates and Economic Impact
SCB EIC estimates about 70% of bookings at the Motor Show will convert to actual deliveries, slightly lower than previous years due to tighter credit approvals and high down payments for EVs. Consumer cancellations may increase with new model launches and long delivery times. Despite growing vehicle sales, the economic impact on Thailand remains limited because most cars sold are imported, highlighting the need to strengthen the domestic supply chain and EV infrastructure.
Supporting Thailand’s EV and Automotive Industry
The EV transition is progressing rapidly, but support for traditional automakers must continue. Investment in domestic EV production and the parts manufacturing network should increase alongside efforts to create a competitive, fair market for both established and new players. This would enhance economic value, reduce import reliance, and ensure sustainable growth for Thailand’s automotive industry.
Other People are Reading
Business
Court fines company, nominee $30k over unsafe electrical work
A Perth electrical company and its nominee have been fined $30,000 over unsafe work at a Thornlie property, where someone received an electric shock.
Business
EPA opposes Preston Beach limestone and sand quarry
The Environmental Protection Authority has opposed a proposal to build a limestone quarry in Preston Beach, almost a decade on from referral.
Business
GTA 6 Release Date Set for November 19 2026 After Multiple Delays
NEW YORK — Rockstar Games has officially confirmed that Grand Theft Auto VI will launch on Thursday, November 19, 2026, for PlayStation 5 and Xbox Series X/S, marking the latest delay for one of the most anticipated video games in history as the studio prioritises quality and polish.

The announcement, made via Rockstar’s Newswire on November 6, 2025, pushed the game back from its previous May 2026 target. In a brief statement, the studio apologised to fans for the additional wait but emphasised that the extra months would allow them to deliver the level of refinement players expect. “We are sorry for adding additional time to what we realise has been a long wait,” Rockstar wrote, “but these extra months will allow us to finish the game with the level of polish you have come to expect and deserve.”
The news comes after an earlier delay from the original autumn 2025 window. Take-Two Interactive, Rockstar’s parent company, first revealed the May 2026 date in May 2025 before adjusting it again six months later. Industry analysts suggest the repeated delays reflect the immense technical and creative ambition behind the project, which features a massive open-world recreation of Vice City and surrounding areas in the state of Leonida.
Rockstar has remained characteristically tight-lipped about specific gameplay details since the second trailer dropped. However, leaks, insider reports and official teases point to significant advancements over Grand Theft Auto V. The game is expected to introduce a more dynamic world with advanced AI, improved physics, and deeper storytelling elements. The return to Vice City — a sun-soaked, satirical take on Miami — has generated enormous excitement among fans nostalgic for the vibrant setting of GTA: Vice City.
The November 19, 2026 release date positions GTA 6 for the lucrative holiday season, traditionally one of the strongest periods for major game releases. Take-Two has repeatedly expressed confidence in the title’s potential to break records, with some analysts forecasting first-year sales exceeding $2 billion. The game is widely expected to become one of the best-selling entertainment products of all time, potentially rivaling or surpassing its predecessor.
For PC players, the wait is likely to be even longer. Multiple reports suggest a PC version could arrive in early to mid-2027, following Rockstar’s traditional pattern of releasing console versions first. This staggered approach has drawn criticism from some fans but remains standard practice for the studio to optimise performance across platforms.
The long development cycle for GTA 6 has been the subject of intense speculation and leaks. Rockstar faced internal challenges, including a major data breach in 2022 that exposed early footage. Despite these setbacks, the studio has maintained a reputation for delivering exceptionally polished products. Red Dead Redemption 2, released in 2018 after years of development, is still regarded by many as one of the finest open-world games ever made.
As anticipation builds toward the November 2026 launch, Rockstar is expected to ramp up marketing efforts. A third trailer is widely predicted for summer 2026, potentially during major gaming events or as part of a dedicated showcase. Pre-order details and edition information are also likely to emerge in the coming months.
The cultural impact of GTA 6 is already significant. The first trailer, released in December 2023, shattered viewing records and generated billions of impressions across social media. Fans have spent years analysing every frame, speculating about new mechanics, characters and the evolution of the series’ signature blend of satire, storytelling and open-world freedom.
For Rockstar and Take-Two, the stakes could not be higher. Grand Theft Auto V remains one of the best-selling games of all time, with ongoing revenue from GTA Online helping to fund development of the sequel. The company’s stock has fluctuated with each delay announcement, reflecting investor sensitivity to the project’s timeline and budget.
Gamers worldwide have mixed reactions to the latest delay. While many express disappointment at waiting longer, others appreciate Rockstar’s commitment to quality. “I’d rather wait another six months for something amazing than get a rushed game,” one popular comment read on social media following the announcement.
As development enters what appears to be its final stages, the focus shifts to ensuring GTA 6 meets the extraordinarily high expectations set by its predecessors. With November 19, 2026 now locked in as the target date, the countdown is officially on for what many believe will be a landmark moment in gaming history.
The next 18 months will likely bring a steady stream of official updates, trailers and marketing campaigns as Rockstar prepares to launch its most ambitious title yet. For millions of fans, the wait — though longer than hoped — promises to be worth it when they finally step back into the neon-drenched streets of Vice City.
Business
Trimble: Finding Its Course To Fair Value (NASDAQ:TRMB)
The Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events. As the leader of the investing group Value In Corporate Events they provide members with opportunities to capitalize on IPOs, mergers & acquisitions, earnings reports and changes in corporate capital allocation. Coverage includes 10 major events a month with an eye towards finding the best opportunities. Learn more.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
At Close of Business podcast April 29 2026
Tom Zaunmayr talks to Justin Fris about Business News’ recent business of sport feature.
Business
Analysis-Investors reload yen shorts in intervention test

Analysis-Investors reload yen shorts in intervention test
Business
Micron, Sandisk Stocks Will Climb 33% and 26%, Analyst Says. They’re Still Not Expensive.
Micron, Sandisk Stocks Will Climb 33% and 26%, Analyst Says. They’re Still Not Expensive.
Business
Thungela executives receive dividend equivalent shares

Thungela executives receive dividend equivalent shares
-
Tech2 days agoRegister Renaming | Hackaday
-
Fashion5 days agoWeekend Open Thread – Corporette.com
-
Crypto World4 days agoHyperliquid $HYPE Rally Builds Momentum as AI Sector Enters Prove-It Phase
-
Politics7 days agoMaking troops accountable for war crimes threatens US alliance, ex-SAS colonel warns
-
Politics7 days agoDisabled people challenge government SEND proposals over segregation concerns
-
Business5 days agoPatterson-UTI Energy, Inc. (PTEN) Q1 2026 Earnings Call Transcript
-
Business7 days agoRolls-Royce Voted UK’s Most Iconic Trade Mark as IPO Register Hits 150
-
Sports3 days agoIPL 2026: Ruturaj Gaikwad registers slowest fifty of the season, enters all-time unwanted list | Cricket News
-
Politics1 day agoDrax board avoid their own AGM, accused of greenwashing & environmental racism
-
Politics7 days agoZack Polanski responds to home secretary’s taser threat
-
Politics7 days agoStarmer handler McSweeney to be dragged from shadows by Foreign Affairs Committee
-
Politics7 days ago
Wings Over Scotland | How To Get Away With Crimes
-
Politics7 days ago‘Iran is still a nuclear threat’
-
NewsBeat3 days agoLK Bennett closes all stores after entering administration
-
Sports6 days agoTim Bradley names the current best in the world: “Better than Inoue and Usyk”
-
Crypto World5 days agoMichael Saylor says BTC winter is over. Market analyst disagrees, says bitcoin was in a pullback
-
Entertainment4 days agoMariah Carey Slams Deposition Claims In Brother’s Lawsuit
-
Business6 days ago
Altimmune prices $225 million public offering at $3 per share
-
Entertainment6 days ago
Michael B. Jordan and Austin Butler's “Miami Vice” movie will bring the action back to the '80s
-
NewsBeat5 days agoTrump threatens to review UK’s claim to Falkland Islands and punish Nato allies over Iran war disagreement

You must be logged in to post a comment Login