Organization of the Petroleum Exporting Countries
Oil prices fall as market eyes trade war, awaits stocks data
US crude was down 26 cents, or 0.5 per cent, at USD 54.84 a barrel by 0644 GMT, while Brent was down 6 cents at USD 58.60 a barrel.
Crude demand projected to drop next year
The projected drop in demand for OPEC crude is a reflection of that.
Saudi's Falih says oil stocks still building, but OPEC to act if needed
OPEC, Russia and other non-OPEC producers have agreed to reduce output by 1.2 bpd from Jan 1 for six months.
Oil prices near 2019 highs amid OPEC supply cuts, US sanctions
Petroleum prices have been propped up by supply cuts by the OPEC and OPEC+.
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