Reported about 7 hours ago
Top oil traders indicate that OPEC+ may face challenges in boosting oil production, with discussions scheduled for Dec. 1 on whether to return barrels to the market. Factors such as diminishing demand and geopolitical uncertainties, especially regarding Iran and potential U.S. policies under a second Trump presidency, contribute to this cautious stance. Traders anticipate a delay in supply increases as OPEC+ assesses the evolving situation over the next few months.
Source: YAHOO