Oil markets stay flush despite tanker attacks
· economictimes.indiatimes.com
Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, said it pumped 10.5 million barrels a day in October, a level reached only once since 2022. Iraq and Kuwait also reported big increases, while the United Arab Emirates is now free of OPEC quotas, allowing it to pump as much as it wants. Gulf shipments nudged lower this week, but remain healthy despite a slew of attacks, according to TankerTrackers.com.
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