RE:RE:RE:RE:RE:RE:Possible more opec+ cut on Nov 26 The so-called cut by Opec+ is in fact a cut by Saudis only, according to some analysts. Exports from Russia remained flat in October while exports from Iran are rising. Looks like a balanced market given strong production in the none Opec countries, mainly U.S., Guayana and probably Brazil.
On the other hand, one cannot ignore geopolitical factors such as Iranian proxies targeting U.S. bases in Iraq and Syria. If these attacks continue, it's only a matter of time for a serious damage which will result in a strong response.
Also it will be interesting to see how the U.S. will respond to the recent hijacking of a ship in the Red Sea by Yemen.
https://www.independent.co.uk/news/world/middle-east/hijack-cargo-ship-yemen-houthi-israel-b2450034.html#