OPEC and its allies are watching the oil market closely, and any decision on production levels will “ensure energy supplies in the interests of producers and consumers alike,” Kuwait’s Oil Minister Mohammed al-Fares said Oct. 4 as the coalition prepares to a package of production cuts for November to shore up falling prices.

OPEC+ ministers are expected to gather in Vienna on October 5 for their first face-to-face meeting since March 2020. Key non-OPEC member Russia to…



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