Kuwait’s Oil Minister: OPEC+'s decisions based on oil market data and to ensure market stability

Dhwani Mehta FXStreet

Following a meeting where the OPEC and its allies (OPEC+) decided to continue its existing policy, Kuwait's Oil Minister Bader al Mulla said late Sunday that OPEC+'s decisions are based on oil market data and ensure the market's stability.

He added that the impact of slow global economic growth, soaring inflation and high -nterest rates on oil demand are a cause for "continuous caution".

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD struggles below 1.1750 as 2025 draws to a close

EUR/USD struggles below 1.1750 in the European session on Wednesday, the final day of 2025. The pair is under pressure as the US Dollar edges higher despite Federal Open Market Committee (FOMC) Minutes of the December policy meeting, released on Tuesday, showing that most policymakers stressed the need for further interest rate cuts.

GBP/USD stays weak near 1.3450 amid renewed USD demand

GBP/USD remains under pressure near 1.3450 in European trading on Wednesday. The US Dollar finds fresh demand due to the end-of-the-year position adjustments, weighing on the pair amid the pre-New Year trading lull.

Gold recovers losses above $4,300 amid the year-end grind

Gold price reverses a dip below $4,300 in the European trading hours on Wednesday, recovering intraday losses. The precious metal draws support from the prospect of further US interest rate cuts in 2026. Gold has surged about 65% this year and is set to record its biggest annual gains since 1979.

Bitcoin, Ethereum and XRP prepare for a potential New Year rebound

Bitcoin, Ethereum, and Ripple are holding steady on Wednesday after recording minor gains on the previous day. Technically, Bitcoin could extend gains within a triangle pattern while Ethereum and Ripple face critical overhead resistance.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).