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International oil prices

International oil prices:

11/29 closing: Although US crude oil inventories have increased, the market is more concerned about the impact of the storm on Black Sea oil transportation and the OPEC meeting. International crude oil futures continue to rise, with WTI 77.86 up 1.45; Brent 83.10 up 1.42

1.    OPEC+is considering implementing new measures to reduce oil production: OPEC+stated on Wednesday that despite tensions in the oil market caused by the Middle East conflict, the organization is considering reducing oil production by up to 1 million barrels per day. This move may push up oil prices and may be announced at the OPEC+online meeting on Thursday. It is still uncertain whether a new production reduction agreement can be reached, as the new agreement faces significant resistance within OPEC

2. Russia's weekly sea crude oil exports rebounded: Bloomberg monitoring of tanker tracking data shows that despite disruptions from storms on Black Sea tankers, crude oil exports from Russian ports amounted to approximately 3.24 million barrels per day in the week ending November 26, an increase of 370000 barrels per day compared to the revised data as of November 19

3. Australian Federal Government signs a new natural gas agreement to alleviate shortage issues: Australian Resources Minister Madeline King stated in a statement on November 27th that the Australian Federal Government and two major natural gas exporters have signed a new agreement to alleviate the pressing natural gas shortage problem