OPEC+ meeting postponed to November 30

The OPEC+ meeting scheduled for this weekend has been postponed due to tensions in the negotiations caused by Saudi Arabia's dissatisfaction with the oil production levels of other members.

The meeting will be held on November 30, 2023.

OPEC and its allies are facing an increasingly fragile outlook regarding oil prices.

Crude oil has fallen to around 80 dollars per barrel, down approximately 18 percent from its peak in September, defying expectations that production cuts would lead to a rapid tightening in the markets. On the other hand, the outlook for next year appears even weaker, with the potential for a new surplus.