Energy

OPEC+ Set to Keep November Oil Output Targets Steady, Sources Say - The Moscow Times

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DW NOTE

OPEC+ has spare capacity because the Strait of Hormuz is closed. The cartel is holding November targets steady not as policy discipline but because there is nowhere to send incremental barrels — Iran shut the export route in February and Trump rejected reopening talks last month. Oil is trading at $91 despite a 6% supply cut because demand destruction is running ahead of the blockade.

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Sri Lanka's Economic Recovery Underscores the Geopolitics of Debt - IR Insider

India’s Oil Buyers Squeezed by $123 Crude and Weak Rupee

The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

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Lula faces a fiscal reckoning after Brazil’s market rout

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Sri Lanka's Economic Recovery Underscores the Geopolitics of Debt - IR Insider

India’s Oil Buyers Squeezed by $123 Crude and Weak Rupee

Can Gold Hold Its 2026 Lows as Silver Breaks Below Its Own? - FOREX.com

Lula faces a fiscal reckoning after Brazil’s market rout