OPEC+ Agrees To A Modest Output Hike
Source: SeekingAlpha
2025-10-06 06:56:00 ET
By Ewa Manthey and Warren Patterson
Energy – Oil rises on OPEC’s modest output hike
ICE Brent was trading above $65/bbl while NYMEX WTI was seen approaching $62/bbl this morning, amid a modest OPEC+ production increase for November and higher geopolitical risks. Recent reports suggest that Ukraine claims to have attacked one of Russia’s largest oil refineries, Kinef oil refinery, which holds an annual processing capacity of over 20mt. The attack took place over the weekend (the second time in a month), as Ukraine continues to put pressure on Russia’s energy infrastructure....
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OPEC+ Agrees To A Modest Output Hike
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