Oil Prices Unmoved by Trump-Xi Meeting
Update: 2025-10-31
Description
On October 31st, global oil and natural gas markets saw significant shifts, with modest production increases, price cuts, and new deals shaping the landscape. Saudi Arabia's price slash for Asian buyers, India's Russian oil purchases, and China's teapots' run rates were among the key moves. Meanwhile, Nigeria's import tax and Greenland's potential oil frontier added to the flurry of activity. As markets head into the end of the year, the energy and commodities world is rapidly evolving with more deals, discoveries, and price action to watch.
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