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

  • 📰 thecableng
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 80%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

South Africa South Africa Latest News, South Africa South Africa Headlines