With less than three months to go until the end of the year, the strengthened prospects for robust Asian demand for crude oil in 2023 on easing travel restrictions and fears of further supply cuts by OPEC+ should mitigate the impact of inventory building and macroeconomic recession fears and keep the global oil market buoyant balanced.

OPEC+ on October 5 agreed to cut production quotas by 2 million barrels a day for the next 14 months, although the impact…



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