Saudi Arabia’s energy minister said Opec+ will remain cautious on oil production, weeks after the group angered the US by lowering output. The 23-nation alliance, led by Riyadh and Russia, is set to meet on December 4 to decide whether to cut production again, keep it stable or reverse course and pump more. Members are looking at the state of the global economy and seeing plenty of “uncertainties,” Prince Abdulaziz bin Salman said. Oil has dipped since June as central banks raise interest rates and China maintains its Covid Zero strategy. But Brent is still above $95 a barrel and up 23% this year, with many traders concerned about supply shortages once the European Union effectively bans th
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