Brent crude rises to $85 a barrel as market weighs OPEC+ output cuts | TheCable

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Oil prices rose on Tuesday as investors weighed a potential output adjustment from the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+. The oil cartel

November 29, 2022 9:39 AM

“Although this is merely a guess… not the official statement from the OPEC, it still reflects the near-term market sentiment and is likely to be the turning point of the oil prices,” analysts said.to cut production by 2 million barrels per day from the market, starting from November 2022, aiming to shore up oil prices.Analysts at Eurasia Group also suggested that weakened demand out of China could spur OPEC+ to cut output in its December meeting.

 

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That's more money into those Buhari gave authorization to steal our oil

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Belgique Dernières Nouvelles, Belgique Actualités