OPEC+ expected to leave December output quotas unchanged
Eight OPEC+ producers are expected to keep their December production targets unchanged when they meet on Sunday, as attention shifts toward setting new output baselines for 2027.
Risk warning
CFDs are complex instruments. 74–89% of retail investor accounts lose money when trading CFDs.
Tag oil production
Arbitration court rejects $12 billion of Kazakhstan’s Kashagan claims
The Permanent Court of Arbitration in The Hague has thrown out $12 billion of Kazakhstan's claims against Western oil majors over the Kashagan field, ruling they were filed too late. The decision landed the same day Kazakhstan announced a $3 billion infrastructure commitment from the International Finance Corporation (IFC).
Saudi crude output rises 12.2% to 8 million bpd in September
Saudi Arabia's crude oil production climbed 12.2% month-on-month in September to 8 million barrels per day, according to Al Rajhi Capital Research data, as the Kingdom rerouted exports around disrupted Gulf shipping lanes.