Demand Concerns Dominate Oil Markets Despite OPEC+ Cuts

Macroeconomic factors continue to weigh on oil prices this week, despite the insistence of OPEC+ members that the group's production cuts will tighten the oil market.Chart of the Week- In a deja vu moment for UN climate change conferences, participating nations are once again quarreling about whether to demand a full phase-out of fossil fuels, a claim Saudi Arabia already denounced as unrealistic.- Climate change watchers have lashed out at the president of COP28 Sultan al-Jaber for saying the world cannot afford to go “back into caves”…