OPEC+
Mixed demand indicators from U.S. and China keep markets cautious
Market grapples with rising crude stockpiles and interest rate speculations
China emerges as primary merchandise trading partner
Weak U.S. retail sales data spurs optimism for rate cuts
Report highlights economic diversification efforts and the impact of OPEC+ decisions on GDP
Kingdom's economy achieved a growth rate of 8.7 percent in 2022
Supply concerns intensify following rise in Red Sea tensions
OPEC maintains 2.25 mn bpd demand growth forecast
Geopolitical risks offset greenback gains, keeping oil market on edge
Brent crude futures increased by 0.64 percent to $79.92 per barrel
Crude prices face headwinds as market focus shifts to slow demand and trade disruptions
OPEC+ has been reducing oil production by 5.16 million barrels per day
The report comes ahead of the scheduled meeting of OPEC+ on Nov. 26
