Reported 2 days ago
Saudi Arabia is urging OPEC+ to expedite an oil production increase originally planned for late 2026, spurring market speculation that voluntary cuts of 1.65 million b/d may be lifted sooner than expected. The upcoming meeting on September 7 could see discussions about unwinding these cuts, though concerns of oversupply loom large. This audacious move has kept ICE Brent futures stable above $65 per barrel.
Source: YAHOO