Big Oil Is Paying Shareholders Back

1. OPEC+ Sticks to Charted Course, Confident of Market Balance Coming Soon- The OPEC+ oil group agreed to maintain its crude output increase for December 2021 at the pre-agreed 400,000 b/d despite calls from US, Japan and India to pump more oil into the markets. - The ongoing energy crunch and natural gas shortage specifically were often quoted at the October 05 meeting, saying lack of gas overheated oil demand, however supply would still overtake demand by Q1 2022. - Largely helped by terminal declines in Angola and Malaysia, civil strife in South…