Reported 1 day ago
Recent analysis suggests that Saudi Arabia may increase its oil production, which could dramatically lower crude prices. With reports of decreasing cohesion among OPEC+ members and frustration growing over compliance with production cuts, the likelihood of Saudi Arabia opening its production floodgates has risen. Historically, such shifts in policy have led to falls in oil prices, and the upcoming OPEC+ meeting in December could be a pivotal point for this potential change.
Source: YAHOO