Russian Deputy Prime Minister Novak: Slowing global economic growth is a risk.

Russian Deputy Prime Minister Novak: The oil market is quite stable and demand is growing.

Russian Deputy Prime Minister Novak: Russia has fully fulfilled its production reduction obligations.

Russian Deputy Prime Minister Novak: We have noticed that the average five-year oil inventory of OPEC countries is less than 100,000 barrels per day.

Russian Deputy Prime Minister Novak: These measures will help cope with the decline in demand in winter.

Russian Deputy Prime Minister Novak: OPEC+’s additional production quota will exceed 2 million barrels per day.

UAE National News Agency: UAE oil production will reach 2.912 million barrels per day in the first quarter of next year.

ECB Governing Council member Nagel: It’s too early to discuss interest rate cuts.

UAE National News Agency: The UAE will voluntarily cut oil production by 163,000 barrels per day in the first quarter of next year.

Fitch: The U.S. unemployment rate is expected to rise slightly next year, which may lead to a corresponding increase in borrower default rates.

Fitch has revised its industry outlook for U.S. mortgage insurance companies to "neutral" in 2024.

U.S. Energy Information Administration (EIA): In September, Texas oil production fell by 0.1% to 5.573 million barrels/day, the Gulf of Mexico increased by 5.7% to 2 million barrels/day, New Mexico increased by 1.1% to 1.818 million barrels/day, and the North Dakota production increased 6.5% to 1.304 million barrels per day.

Analyst comments on OPEC+ meeting: Still want to see some hard data to tell us what production levels they are actually targeting. It is meaningless to say "we will reduce production by X barrels per day" without a starting point or a new goal. So far, only Saudi Arabia and Russia have given such figures.

Google (GOOG.O) announced that the open source GenAi database retrieval application is now available on GitHub.

OpenAI: ChatGPT is one year old.

Russian Deputy Prime Minister Novak: Crude oil exports will be reduced by 300,000 barrels per day in the first quarter of next year, and fuel exports will be reduced by 200,000 barrels per day.