- OPEC+ meets to set policy on Nov. 26
- Oil has fallen to four-month low this week
- Saudi Arabia expected to extend voluntary cut – Energy Aspects
MOSCOW/LONDON, Nov 17 (Reuters) – OPEC+ is set to consider whether to make additional oil supply cuts when the group meets later this month, three OPEC+ sources told Reuters after prices dropped by almost 20 percent since late September.
Oil has slid to around $79 a barrel for Brent crude from a 2023 high in September near $98. Concern about demand and a possible surplus next year has pressured prices, despite support from the OPEC+ cuts and conflict in the Middle East.