Commodities
OPEC+ Cartel Keeps Oil Production Steady Amid Middle East Uncertainty
The OPEC+ cartel has decided to keep oil production targets steady for November amid ongoing uncertainty in the Middle East.
This decision was made by the seven core members of the OPEC oil cartel, including Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman.
The move comes after a meeting on Sunday, where the cartel maintained its status quo from October. The seven OPEC+ countries plan to draw up a new agreement on quotas to be allocated to each member before deciding on their next output targets.