OPEC+ sources:To consider whether to deepen oil output cuts at next meeting on November 26 ...Middle East

The OPEC+ is to consider whether to deepen oil output cuts at next meeting on November 26.The existing curbs don't seem to be enoughOPEC considering additional oil supply cuts due to a nearly 20% price drop since late September.Concerns about future demand and potential surplus despite OPEC+ cuts and Middle East conflicts.OPEC+ pledged total oil output cuts of 5.16 million bpd, 5% of daily global demand, starting in late 2022.Some sources suggest current cuts may not be enough, deeper cuts might be discussed.Market volatility rising ahead of Nov. 26 OPEC+ meeting.OPEC's monthly report cites strong oil market fundamentals despite the price drop.International Energy Agency predicts lower 2024

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OPEC+ sources:To consider whether to deepen oil output cuts at next meeting on November 26 ...Middle East

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