The OPEC+ Meeting Is Looming Large Over Oil Markets

Oil markets are fully focused on this Sunday's OPEC+ meeting after top officials from the three biggest producers in the alliance met on Tuesday.- European gas prices have surged almost 45% this year and forecasts for cold weather threaten to add pressures on gas supply, further aggravated by US sanctions on Gazprom’s very own banking subsidiary, Gazprombank.- For most of November temperatures in Northwest Europe have been trending along the 30-year average line or below, marking the first cold winter since 2021, and leading to gas inventories…