Oil Markets Stay Flush Despite Tanker Attacks
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, said it pumped 10.5 million barrels a day in October, a level reached only once since 2022. Iraq and Kuwait also reported big increases, while the United Arab Emirates is now free of OPEC…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishHigh OPEC output and healthy Gulf shipments weigh on crude prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Saudi Arabia pumped 10.5 million barrels a day in October, a level reached only once since 2022.
- 02Iraq and Kuwait also reported big production increases.
- 03The UAE is now free of OPEC quotas, and Gulf shipments remain healthy despite attacks.