Oil prices are set to post a significant gain this week as China appears to be easing its Covid restrictions, This increase in oil prices may well convince OPEC to maintain its production levels rather than cutting further when it meets this weekend.
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Source: Don’t Expect Any Oil Supply Surprises From The Sunday OPEC+ Meeting | OilPrice.comThe fact that OPEC+ has decided to meet virtually this Sunday suggests surprises with regard to oil supply policy are unlikely, Reuters reported today, citing an unnamed source close to the group.
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House prices see biggest fall for two years, says NationwidePrices fell 1.4% in November as higher interest rates put off buyers, says Nationwide.
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Reuters Survey: OPEC Cut 710,00 Bpd In November | OilPrice.comLed by Gulf member states, OPEC oil output dropped in November in line with the OPEC+ pledge to cut output by 2 million barrels per day for the month, according to a Reuters survey released on Wednesday.
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Price cap on Russian crude poses a conundrum for Opec+\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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Will OPEC Cut Production On Sunday? | OilPrice.comOPEC has consistently shown that it wants to support prices around the $90 level, and weak Chinese demand means a supply cut may be needed to push oil prices that high.
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How the West’s price cap on Russian oil could roil energy marketsTraders expect a damp squib; they could get dynamite instead
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