Policy▼ Bearish for Indian equities
OPEC+ agrees in principle to keep November oil output targets unchanged
The brief
- Gulf producers have pumped well below targets amid export disruptions linked to the US-Israeli war on Iran
- The conflict has shuttered oil exports and disrupted production
- Steady quotas amid disrupted supply may support crude prices, affecting Indian oil marketers and producers
- Wartime Energy Shock: Why G7 Cracked Open 100 Million Barrels Of Emergency Fuel Reserve
- EXCLUSIVE: OPEC+ delays oil capacity review after Iran war disrupts expansion plans, sources say
- Oil's hidden safety net is shrinking, analysts see just 6-9 months of cushion
- Oil Rises Amid Deadlock in U.S.-Iran Ceasefire Talks
- Oil price gains pared as Qatar-US-Iran talks loom
OPEC+ production quotas
OPEC+ members are expected to keep crude production quotas steady at their upcoming meeting.
Sunday, 4 October
- OPEC+ agrees in principle to keep November oil output targets unchanged