12 November 2025: 16:30 GMT
A day of red! Blood, guts on the floor! The futures market got battered today, as Brent futures plunged and undid all of yesterday’s gains, falling to $62.79/bbl by the European close. Meanwhile, on OPEC side, why should anybody listen to this nonsense? OPEC’s own reports are showing how meaningless the ‘quota increases’ really are: the group of 8’s production, according to secondary sources, only rose 25 kb/d m/m in October, far below the publicised 137 kb/d quotas.
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