Crude oil: Opec+ to raise production by 137,000 bpd from November; group stays cautious amid supply glut fears

Opec+ members, including Saudi Arabia and Russia, decided to raise oil production quotas by 137,000 barrels per day for November. This move aims to reclaim market share amid cautious global demand projections. The increase was lower than many analysts expected. The group seeks to balance market stability with regaining share. Brent crude traded below $65 per barrel last week.

More From Author

<div>Rajasthans 14 Million Tonne Lithium Reserve Set To Reduce India’s Dependence On China</div>

Pilots Body Urges Aviation Body To Probe Electrical Systems of All Boeing 787s

Leave a Reply