If OPEC+ cancels the voluntary production cut plan, what will happen? Analysis: Oil prices may be halved next year.

1. The agreement of OPEC+ member countries to reduce daily production of 2.2 million barrels of crude oil has been postponed until the end of December; 2. Market observers state that if the organization does not reach a genuine agreement to control production in the future, oil prices may fall to $30 or $40 per barrel next year; 3. According to forecasts, the organization is more likely to gradually phase out production cuts early next year, rather than immediately withdrawing completely.

cls.cn03:18 ET

Revealed! The oil & gas industry in the USA calls out to Trump: Give up Biden's climate policy!

1. The oil & gas industry in the usa directly calls out to the newly elected President Trump, urging him to repeal many of the climate change policies implemented by the Biden administration; 2. The API urges Trump to cancel the federal government's delegation of authority to California, not allowing California to enact state tailpipe emissions regulations stricter than federal regulations, and to repeal the clean energy regulations of the United States Environmental Protection Agency (EPA).

cls.cn23:36 ET

Oil Edges Lower, Likely Weighed by OPEC's Demand Forecast Trim -- Market Talk

WSJ20:16 ET

Oil Steadies Near November Lows With Outlook for Demand in Focus

BNN Bloomberg18:30 ET

OPEC Trims Oil Demand Projections for Fourth Consecutive Month

MT Newswires13:47 ET

US Government Buys Oil for Strategic Reserves yet Again – Commerzbank

FXStreetNov 12 09:22 ET