OPEC+ Delays Meeting to Nov. 30, Causing Oil Price Uncertainty Amid Differing Demand Outlooks
• OPEC+ postponed its meeting to Nov. 30, coinciding with COP28 meetings in Dubai, causing oil price fluctuations
• Macro forces and OPEC politics are at play in oil market dynamics
• Oil demand outlooks from OPEC and IEA differ significantly for 2023
• Global oil inventories have grown recently, signaling bearish sentiment
• Clarity on further OPEC+ cuts and policy will come from Nov. 30 meeting