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1. www.reuters.com › markets › commoditiesOPEC+ agrees to delay December output hike for one month

   www.reuters.com › markets › commodities

   Nov 3, 2024 · Oil prices closed on Friday just above $73 a barrel, supported in part by the prospect of a further delay to the OPEC+ increase. Even so, Brent crude is still not far from its lowest levels this ...

   • OPEC+ may stick with deep oil cuts for longer due to weak ...

     Despite OPEC+'s cuts and delays to output hikes, oil prices...

   • OPEC+ could delay December oil output hike, sources say

     The prospect of a further delay to the OPEC+ increase helped...

2. oilprice.com › Energy › Crude-OilWhy OPEC+ Delayed Its Planned Oil Production Increase

   oilprice.com › Energy › Crude-Oil

   • Cached

   Nov 4, 2024 · By ZeroHedge - Nov 04, 2024, 11:00 AM CST. OPEC+ has delayed its planned production increase for a second time, responding to weaker demand in China and ample supplies from the Americas. The ...

3. Videos

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     What does the OPEC+ oil cut mean for US gas prices?

     Oct 6, 2022

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     OPEC meeting delay probably sign of dissension in ranks, says Gas Buddy's petroleum analysis head

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4. financialpost.com › commodities › energyOPEC delays oil output hike after price plunge | Financial Post

   financialpost.com › commodities › energy

   Sep 5, 2024 · Photo by Andrey Rudakov/Bloomberg. OPEC+ clinched a deal to pause its planned oil output hike for two months after prices plunged amid fragile demand. Key coalition members won’t go ahead with the scheduled hikes of 180,000 barrels a day in October and November, according to delegates who asked not to be identified because the discussions are ...

5. www.reuters.com › business › energyOPEC+ may stick with deep oil cuts for longer due to weak ...

   www.reuters.com › business › energy

   1 day ago · Despite OPEC+'s cuts and delays to output hikes, oil prices have mostly stayed in the $70-$80 per barrel range this year. ... Many OPEC members need a price of over $70 to balance their budgets ...

6. www.reuters.com › business › energyOPEC+ could delay December oil output hike, sources say

   www.reuters.com › business › energy

   Oct 30, 2024 · The prospect of a further delay to the OPEC+ increase helped to lift oil prices by more than 2% on Wednesday. Even so, Brent crude is trading around $72 a barrel, not far above its lows for the ...

7. www.bnnbloomberg.ca › business › internationalOil Traders Split on Whether OPEC+ Will Hike Supply in ...

   www.bnnbloomberg.ca › business › international

   Oct 29, 2024 · October 29, 2024 at 8:23AM EDT. (ICE Futures Europe) (Bloomberg) -- Oil traders are divided over whether OPEC+ will proceed with plans to restore production in December, as crude prices falter amid a fragile economic outlook. The alliance led by Saudi Arabia and Russia is due to begin a sequence of monthly output increases with a hike of ...

8. People also ask

   Will OPEC+ delay oil prices?

   • Oil prices closed on Friday just above $73 a barrel, supported in part by the prospect of a further delay to the OPEC+ increase. Even so, Brent crude is still not far from its lowest levels this year of below $69, reached in September. OPEC+ had already delayed the increase from October because of falling prices, weak demand and rising supplies.

   OPEC+ agrees to delay December output hike for one month

   www.reuters.com/markets/commodities/opec-agrees-delay-december-output-hike-one-month-sources-say-2024-11-03/

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   Could OPEC hike be delayed?

   • A decision to delay the increase could come as early as next week, two of the sources said. "The December hike could be postponed as the market is not healthy enough," one of the sources said. The prospect of a further delay to the OPEC+ increase helped to lift oil prices by more than 2% on Wednesday.

   OPEC+ could delay December oil output hike, sources say

   www.reuters.com/business/energy/opec-could-delay-planned-december-oil-output-hike-sources-say-2024-10-30/

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   Will OPEC+ pause oil hike?

   • A valve control wheel in an oilfield near Dyurtyuli, Russia. OPEC+ won’t go ahead with the scheduled hikes of 180,000 barrels a day in October and November. Photo by Andrey Rudakov/Bloomberg OPEC+ clinched a deal to pause its planned oil output hike for two months after prices plunged amid fragile demand.

   OPEC backs off output hike after oil price plunge

   financialpost.com/commodities/energy/oil-gas/opec-delays-oil-output-hike-price-plunge

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   How has OPEC+ impacted oil prices?

   • This has left OPEC+ maintaining output cuts for longer than it had thought. The group has cut output by 5.86 million barrels per day, or about 5.7% of global demand, in a series of steps agreed since 2022 to support the market. Despite OPEC+'s cuts and delays to output hikes, oil prices have mostly stayed in the $70-$80 per barrel range this year.

   OPEC+ may stick with deep oil cuts for longer due to weak demand

   www.reuters.com/business/energy/opec-may-stick-with-deep-oil-cuts-longer-due-weak-demand-2024-11-20/

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   Will OPEC increase oil output in December?

   • The OPEC+ group combining the Organization of the Petroleum Exporting Countries plus Russia and other allies is scheduled to raise output by 180,000 barrels per day in December. It had already delayed the increase from October because of falling prices.

   OPEC+ could delay December oil output hike, sources say

   www.reuters.com/business/energy/opec-could-delay-planned-december-oil-output-hike-sources-say-2024-10-30/

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   Why did OPEC+ delay production increase?

   • OPEC+ has delayed its planned production increase for a second time, responding to weaker demand in China and ample supplies from the Americas. The decision is influenced by geopolitical tensions, particularly the upcoming US presidential election, and concerns about falling oil prices.

   Why OPEC+ Delayed Its Planned Oil Production Increase

   oilprice.com/Energy/Crude-Oil/Why-OPEC-Delayed-Its-Planned-Oil-Production-Increase.html

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9. www.cnn.com › 2023/11/22 › energyGas prices could fall further as oil drops 4% on OPEC meeting ...

   www.cnn.com › 2023/11/22 › energy

   • Cached

   Nov 22, 2023 · Gas prices could fall further as oil drops 4% on OPEC meeting delay ... The average price of a gallon of regular gas currently stands at $3.28, according to the AAA, down nearly 8% in a month and ...