Oil
Saudi Arabia's records A rating with a stable outlook
Due to its robust oil production
Fed's accommodative stance may boost prices through increased demand
Fed unlikely to implement rate cuts early 2024
Commitment to enhancing trade cooperation, continuity of joint efforts emphasized
Non-oil GDP grew by 5.9 percent in 2023
Russia to tighten oil restrictions in early December
OPEC+ has been reducing oil production by 5.16 million barrels per day
Saudi expected to extend supply cuts
The report comes ahead of the scheduled meeting of OPEC+ on Nov. 26
Prices of Brent and WTI crude futures both saw declines
