OPEC+ to Keep Oil Quotas Unchanged for December

Key OPEC+ producers, including Saudi Arabia and Russia, are expected to keep their collective oil production quotas unchanged for December, Reuters sources reported. This follows the completion of a 1.65 million bpd supply cut rollback in September, with targets holding steady despite Middle East conflicts disrupting crude supplies. Stable oil output could help temper international crude price volatility, potentially influencing Pakistan's import costs and indirectly affecting USD/PKR and local inflation.

بحوالہ / Source: oilprice.com