Delegates close to the matter confirmed in early Thursday trading that OPEC will delay its planned meeting for Sunday towards December 5th, Reuters and Bloomberg reported. OPEC’s secretariat said that the delay was because several ministers will attend the meeting of the Gulf Cooperation Council in Kuwait on Dec. 1.
China’s independent refiners have snapped up barrels from across the Middle East and Africa as offers of Iranian oil remain scarce and are more expensive due to broadening US sanctions, Bloomberg reports.
Israel has warned residents displaced by fighting and evacuation orders not to return to their homes in southern Lebanon, despite a ceasefire between Israeli forces and Hezbollah coming into effect Wednesday, CNN reports.
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