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Goldman Sachs predicts that OPEC+ production cuts will provide near-term support for global oil prices, with Brent crude prices expected to remain stable. Recent data shows that crude production from Iraq, Kazakhstan, and Russia has declined by 0.5 million barrels per day, reflecting compliance with OPEC+ policies to curb supply. Saudi Arabia, a key OPEC+…
South Korea trade surplus with U.S. might push Korean companies to purchase more American oil and gas if Donald Trump is re-elected as president, according to a Bloomberg report on Monday. Citing anonymous sources, Bloomberg noted that South Korean officials are analyzing potential trade policies and expect that a Trump administration would closely examine America’s…