Commodities
OPEC+ Subgroup Agrees to Steady Production Amid Rising Oil Prices
Seven major oil-exporting countries have agreed to maintain their production levels in November, despite the recent surge in crude oil prices.
The OPEC+ subgroup, comprising Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, made this decision on Sunday.
Brent crude oil has surpassed $100 a barrel due to tensions surrounding the Iran war.
The next meeting of the OPEC+ subgroup is scheduled for November 1, where they will review market conditions.