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Öl: Opec plus will Förderziele für November offenbar beibehalten

Die Förderländer am Golf hatten zuletzt wegen des Iran-Kriegs deutlich unter ihren Produktionszielen gearbeitet. Doch die Opec plus hat am Markt an Einfluss verloren.

Öl: Opec plus will Förderziele für November offenbar beibehalten

Opec Plus, comprising oil-producing countries including Russia, has reportedly decided to maintain its production targets for November, according to insiders. This decision comes ahead of the group's meeting, which involves Opec, Russia and other nations. The oil-exporting countries had been operating below their production targets due to the ongoing Iran war, with exports fluctuating between 60 and 80 percent of normal levels.

Opec Plus was established in 2016 when Opec joined forces with significant oil producers like Russia to manage supply and influence crude oil prices in the market. However, the group has lost some influence in the market as the conflict in the Middle East dominates the dynamics of the commodity markets. Brent crude oil, a key benchmark, has risen by over 60 percent since the beginning of the year, though it has recently slightly declined following the EU's release of oil reserves.

Brent (for delivery in December) and US crude oil WTI (to be delivered in November) currently cost nearly $100 and $91.26 per barrel, respectively. Meanwhile, Ukraine peace talks are reportedly being pursued in exchange for a major oil deal.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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