The OPEC + oil production cut compliance rate rose from 116% to 117% in November. This indicates that the production level is still far below the agreed target. The compliance
The surge in Omicron coronavirus variants in Europe and the United States has sparked investors’ concerns. The new restrictions on actions taken to curb its spread may hit fuel demand.
Approximately half of the oil pipeline space in the United States is not in use. This increases competition for oil in high-yield areas such as the Permian Basin in Texas.
Gold prices fell in early trading on Tuesday, but as investors waited for the decisions of major central bank meetings, there was little volatility. As of 10:15 pm Eastern Time,