19:41:34
European Commission President von der Leyen: European Investment Bank support for the defense industry must move forward.
19:40:08
European Commission President von der Leyen: The Commission will present a European defense industry plan early next year.
19:37:08
According to the Financial Times: Saudi Arabia has won temporary support from OPEC+ for further production cuts.
19:32:11
Former Deputy Finance Minister of Japan: Focusing on the outcome of wage negotiations in the spring of 2024, Japan is likely to cancel yield curve control (YCC) and negative interest rate policies as early as April.
19:30:59
Former Deputy Finance Minister of Japan: Lifting the central bank’s ETF holdings may trigger a sell-off, and the Bank of Japan currently has no choice but to temporarily freeze these holdings.
19:29:17
European Commission President von der Leyen said Europe will be able to produce 1 million rounds of ammunition next year.
19:24:11
Market News: Gazprom discussed long-term natural gas supply and transportation issues with Kazakhstan.
19:23:17
U.S. and Burundi oil prices have basically erased their previous gains of nearly $1, and are now trading at $78.46/barrel and $83.40/barrel respectively.
19:19:58
Two delegates at the meeting said the OPEC+ proposal included Saudi Arabia extending its voluntary production cut of 1 million barrels per day and member states making additional production cuts.
19:13:57
Energy Intelligence Group reporter Amena Bakr: There is still no solution on the issue of baseline (production) for African countries, but this should not hinder or affect the policies discussed today, so the proposal is around extending Saudi Arabia’s voluntary production cuts of 1 million barrels per day, Then based on this, other countries may proceed with further production cuts.
19:01:58
Turkish Central Bank: Inflation expectations have improved.
19:01:35
Israeli Prime Minister Netanyahu: Hopes to discuss the "next phase" with US Secretary of State Blinken.
19:01:07
Due to the impact of bad weather, the export volume of petroleum products from the Russian Black Sea port of Tuaps in November fell by 43% compared with the initial plan.
18:45:30
Amena Bakr, Energy Intelligence Group reporter: Almost all (OPEC) members seem to agree that further output cuts are necessary.
18:44:12
Market news: Ukrainian President Zelensky visited the command post in Kupyansk, northeastern Ukraine.
18:34:52
U.S. and Burkina Faso oil rose nearly $1 in the short term, with intraday gains extending to 2%. They are now trading at $79.31/barrel and $84.35/barrel respectively.
18:33:36
Representatives at the meeting said OPEC+ had reached a preliminary agreement to further cut oil production by more than 1 million barrels per day.
18:32:24
According to the Wall Street Journal: META’s software Threads plans to launch in Europe in December.
18:31:15
COP28 President Sultan Al-Jaber: We are committed to solving the financing problem and ensuring that the global South does not have to choose between development and combating climate change. This meeting will be the moment we deliver on our commitments, including $100 billion for the Loss and Damage Fund.
18:23:20
Some representatives said that OPEC has started its online ministerial meeting.