Oil prices: Brent down 1pc, WTI decline 2pc to close the week
OPEC+ has moved closer to a compromise with African oil producers on 2024 output levels
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OPEC+ has moved closer to a compromise with African oil producers on 2024 output levels
The United Arab Emirates is set to increase the exports of its flagship crude grade as its OPEC+ production quota will climb.
Arabs in the MENA region should leverage their oil wealth in the Gaza-Israel War to call for a ceasefire
Brent crude futures remained stable as the market awaits an OPEC+ decision on potential supply cuts, with both Brent and WTI futures on track for a weekly gain despite recent uncertainty.
While the decision by OPEC+ to delay their meeting sent prices tumbling temporarily, it is the outcome of the meeting that markets remain focused on.