OPEC+ Freezes December Oil Output for Third Month as Iran War Clouds 2027 Outlook
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First seen7 hours ago
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Seven core OPEC+ members held a virtual meeting Nov. 1 and kept December oil production targets unchanged for a third straight month. The US-Iran war context, rising Brent crude prices near $118 per barrel, the upcoming Nov. 29 ministerial meeting for 2027 quotas, a capacity audit underway, and warnings of a potential 2027 supply surplus are all new details.
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