Oil Holds Gains, Natural Gas Rockets as OPEC+ Meeting Nears

Group 1: Oil Market Overview - Crude oil prices are stable ahead of the upcoming OPEC+ meeting, with ICE Brent settling around $63 per barrel [2] - OPEC+ is expected to maintain current production quotas during the meeting on November 30, 2025, with no changes anticipated for January 2026 [3] - A CME outage has disrupted WTI trading, affecting a market that typically handles 26 million contracts daily [4] Group 2: Regional Developments - Syria plans to increase crude production to 200,000 barrels per day, doubling current output, and is also planning to build a new 150,000 barrels per day refinery [5] - Canada is advancing a new oil pipeline project with a capacity of 1 million barrels per day to connect oil sands to the Pacific Ocean, with construction expected to start in 2029 [6] - A military coup in Guinea-Bissau has impacted upstream markets, particularly affecting Chevron's recent exploration deal [7] Group 3: International Collaborations - Argentina's YPF has partnered with Italy's ENI for offshore exploration in Uruguay, aiming to replicate successful geological characteristics found in Namibia's Orange Basin [8] Group 4: Security Incidents - A drone attack on the Khor Mor gas field in Iraq's Kurdistan region has caused significant outages, affecting operations at the Dana Gas-operated facility [9]