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By Rhod Mackenzie

The oil market is currently anticipating a ceasefire in the Gaza Strip and a potential significant decline in production statistics in the United States. Any future developments will depend on the accuracy of the American Energy Information Administration's forecast.

On the mor...

By Rhod Mackenzie

The decision by OPEC+ nations to reduce oil production highlights the alliance's proactive stance, rather than waiting for commodity prices to drop due to sluggish demand growth, according to analysts cited by the newspaper Izvestia. Russia has agreed to cut oil production by 200...

By Rhod Mackenzie

On the 30th November, the global oil market will be fixated on this year's OPEC+ ministerial meeting. According to analysts, the two key signatories of the agreement, Russia and Saudi Arabia, will reinforce their commitment to making voluntary cuts in production and exports, even...