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OPEC+ Keeps Oil Production Targets Unchanged for November

OPEC+ agreed to keep oil production targets steady for November at a meeting on Sunday, the producer group said, in line with expectations that further output policy adjustments are unlikely until next year.

OPEC+ Agrees to a Further Increase in Output Targets

OPEC+ has agreed to a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling

Airlines Reroute Flights After US-Israel Launch Attack on Iran

Airlines rerouted flights following the start of the attacks. A spokesperson for Dubai-based carrier Emirates said it was “adjusting our operations in line with the latest developments.”

OPEC+ Agrees in Principle to Keep Oil Output Pause for March

OPEC+ has agreed in principle to keep its planned pause on oil output increases for March when it meets later on Sunday, ⁠according to three delegates.

OPEC Fund Raises US$1.25 Billion in the International Capital Market

The OPEC Fund for International Development (the OPEC Fund) has successfully raised US$1.25 billion through a new 5-year benchmark bond issuance.