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Trump added that he would reduce corporate tax from 21 percent to 15 percent

Oil demand in 2025 is projected at nearly 106 million barrels per day, up from 104.6 million

Since October 2022, the organization has cut crude oil production by 5.8 million barrels per day

The contributions of non-oil activities to real GDP reached 86.4 percent in Q3 2024

Among GCC countries, Kuwait recorded the highest annual inflation rate in September at 2.8 percent

2024 global oil demand to rise by 1.61 million barrels per day, down from 1.82 million barrels per day last month

Despite the group's efforts in limiting supply, Brent crude has mostly stayed in a $70-$80 per barrel range this year

Brent crude futures for January delivery increased by 15 cents, or 0.2 percent, reaching $73.45 a barrel

As of 05:02 GMT, Brent crude futures rose by 29 cents, or 0.4 percent, reaching $71.33 a barrel

The International Energy Agency expects global oil supply to exceed demand in 2025 even if OPEC+ output cuts remain in place

Brent oil futures for January delivery decreased by 0.1 percent, settling at $72.23 per barrel

Brent oil price will average $75 per barrel in the fourth quarter of 2024 and over 2025-2027, which will be helpful for most GCC countries