Saudi Arabia violates OPEC+ agreement, produces more oil than quota
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最新报道：Saudi Arabia, which has repeatedly accused other members of overproduction, produced far more crude oil than its OPEC+ quota last month, according to the Coinnet. The country raised its daily output by about 700,000 barrels to 9.8 million barrels per day. Other producers that exceeded their quotas last month during Israel's war with Iran were Iraq, Kuwait and the United Arab Emirates, the International Energy Agency said in its monthly report. Meanwhile, Iran's production fell by 400,000 barrels per day. The increase in production conflicts with a large surplus in the global oil market, putting pressure on prices that have fallen by about 13% since mid-June. The International Energy Agency said: "Oil demand has slowed significantly in recent months, especially in developing countries." - The shift in the UK bond market has brought additional troubles to Prime Minister Keir Starmer and Chancellor of the Exchequer Rachel Reeves. Central banks and fiscal watchdogs warned this week that structural changes have taken place in demand, with gilts facing more extreme volatility risks as hedge funds and foreign investors have played a greater role. The changes come as Starmer and Reeves have tied economic policy directly to the trajectory of yields.
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