Oil prices plunged on Tuesday morning despite Libya's oil outage, with fears that OPEC will unwind its production cuts driving bearish sentiment.
Oil prices tumbled on Tuesday morning as speculation continued that the eight leading OPEC producers would unwind their voluntary production cuts. - Crude production in Iraq’s semi-autonomous Kurdistan region continues to increase as industry organizations have stated output surpassed the 350,000 b/d mark in recent weeks, the highest since early 2023.- Iraq, the largest overproducer within OPEC that pledged to cut 1.
the national oil company of the UAE, has started an international roadshow as it is looking to raise 5-, 10- and 30-year debt, believed to be linked to the upcoming purchase of German chemical market Covestro in a deal worth $13 billion. China’s Sinochem to Quit Permian JV.
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