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6 days ago · Oil steadied and time spreads strengthened as OPEC+ is expected to delay a production restart, a decision that would help stave off a looming supply glut.
- OPEC’s Dilemma: Another Year of Oil Supply Curbs or Price ...
With oil demand slowing in China and supplies swelling...
- OPEC’s Dilemma: Another Year of Oil Supply Curbs or Price ...
5 days ago · With oil demand slowing in China and supplies swelling across the Americas, delegates say the group led by Saudi Arabia and Russia is once again discussing delaying their plans to increase...
Nov 4, 2024 · OPEC’s Supply Delay Will Do Little to Stop Oil’s Slide The postponement is boosting prices today, but with a fresh surplus potentially emerging early next year, the gains look fragile.
4 days ago · Oil drifted lower in thin post-holiday trading on uncertainty about OPEC+’s production plans and the durability of a truce between Israel and Lebanon-based Hezbollah.
6 days ago · (Bloomberg) -- OPEC+ has few options when it comes to bringing back the oil production capacity it has been keeping off the market, according to some of the world’s top energy trading houses. The group will discuss on Dec. 1 whether to return barrels to the market, and senior trading executives said they expect the supply increase to be pushed back again.
Sep 5, 2024 · (Bloomberg) -- OPEC+ postponed its oil supply hike by two months, but the move wasn’t enough to roll back steep losses in crude prices amid fears about fragile demand. Key coalition members won’t now increase production by 180,000 barrels a day in October and November, according to a statement on OPEC’s website.
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Why did OPEC pause its oil hike?
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Why are oil prices too low for OPEC+ members?
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Did OPEC+ choose to delay a crude price rout?
Will OPEC+ push on with delayed supply hikes?
Oct 29, 2024 · (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 180,000 barrels a day in December, as it gradually revives ...
