OPEC+ will be looking towards supply cuts next year
Kuwait basically confirming what we already heard from rumours following the weekend meeting in Abu Dhabi. Although, Kuwait is saying that the proposal did not mention any volume to be cut just yet. But there's plenty of time for that to come about between now and December.
Oil prices are underpinned today with Brent up by more than 2% to $71.65, following Saudi Arabia's decision to curb its exports by 500k barrels per day starting next month.
