OPEC+ set to keep December oil output targets unchanged, focus shifts to 2027 quotas

OPEC+ oil-producing countries have agreed to keep December production targets unchanged in a recent meeting. This decision is intended to pause output adjustments until next year, while focusing on future production quotas. Gulf producers are increasing exports that were previously disrupted due to the Iran war. The group also continues to maintain production cuts of approximately 2 million barrels per...