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1. ca.finance.yahoo.com › news › analysis-opec-mayAnalysis-OPEC+ may stick with deep oil cuts for longer due to ...

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   1 day ago · OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members want to pump more, sources and analysts said. The Organization of the Petroleum Exporting Countries and its allies led by Russia, the group known as OPEC+, which pumps around half the world's oil ...

2. ca.finance.yahoo.com › news › opec-does-affect-oilWhat is OPEC+ and how does it affect oil prices?

   ca.finance.yahoo.com › news › opec-does-affect-oil

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   May 24, 2024 · OPEC formed the so-called OPEC+ coalition with 10 of the world's leading non-OPEC oil exporters, including Russia, at the end of 2016. OPEC+ crude output represents about 41% of global oil production.

3. finance.yahoo.com › news › opec-does-affect-oilWhat is OPEC+ and how does it affect oil prices? - Yahoo Finance

   finance.yahoo.com › news › opec-does-affect-oil

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   May 24, 2024 · OPEC formed the so-called OPEC+ coalition with 10 of the world's leading non-OPEC oil exporters, including Russia, at the end of 2016. OPEC+ crude output represents about 41% of global oil production.

4. finance.yahoo.com › news › opec-ministers-keep-oilOPEC+ keeps output policy steady as oil nears $90 a barrel

   finance.yahoo.com › news › opec-ministers-keep-oil

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   Apr 3, 2024 · Reuters • 3 hours ago. LONDON/MOSCOW/DUBAI (Reuters) -A meeting of top OPEC+ ministers kept oil supply policy unchanged and pressed some countries to increase compliance with output cuts, a ...

5. www.yahoo.com › news › opec-does-affect-oil-pricesWhat is OPEC and how does it affect oil prices? - Yahoo

   www.yahoo.com › news › opec-does-affect-oil-prices

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   Apr 6, 2023 · OPEC+ in particular is able to tailor "supply and demand to balance the market," Kate Dourian of the Arab Gulf States Institute in Washington, D.C., told BBC News.

6. ca.finance.yahoo.com › news › explainer-why-doesExplainer-Why does OPEC+ often clash over oil production ...

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   May 28, 2024 · OPEC+ is working to agree oil production capacity for its member countries by the end of 2024, an issue that has created tensions in the past because each nation's output target is calculated from its notional capacity. Members of OPEC+ - comprising OPEC and allies such as Russia - tend to push for higher capacity to get higher output targets after the percentage cut required by the group is ...

7. People also ask

   Will OPEC+ increase oil output if it meets in December?

   • LONDON (Reuters) - OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members want to pump more, sources and analysts said.

   Analysis-OPEC+ may stick with deep oil cuts for longer due to weak de…

   ca.finance.yahoo.com/news/analysis-opec-may-stick-deep-154907105.html

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   Will OPEC increase output?

   • The last time OPEC did this was in 2014-2015, when it raised output to squeeze U.S. shale firms. OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members want to pump more, sources and analysts said.

   Analysis-OPEC+ may stick with deep oil cuts for longer due to weak de…

   ca.finance.yahoo.com/news/analysis-opec-may-stick-deep-154907105.html

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   How much oil does OPEC produce a day?

   • OPEC+ crude output represents about 41% of global oil production. The group's main objective is to regulate the supply of oil to the global market. The leaders are Saudi Arabia and Russia, which produce and 9 million and 9.3 million barrels per day (bpd) of oil respectively.

   What is OPEC+ and how does it affect oil prices?

   ca.finance.yahoo.com/news/opec-does-affect-oil-prices-145828674.html

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   Why do OPEC+ members push for higher capacity?

   • Members of OPEC+ - comprising OPEC and allies such as Russia - tend to push for higher capacity to get higher output targets after the percentage cut required by the group is factored in. OPEC+ has been curbing output to support prices.

   Explainer-Why does OPEC+ often clash over oil production capacity?

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   Will OPEC+ lift oil production?

   • The Organization of the Petroleum Exporting Countries and its allies led by Russia, the group known as OPEC+, which pumps around half the world's oil, has already delayed a plan to gradually lift production by several months this year.

   Analysis-OPEC+ may stick with deep oil cuts for longer due to weak de…

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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.

   Analysis-OPEC+ may stick with deep oil cuts for longer due to weak de…

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8. finance.yahoo.com › news › opec-talks-tough-furtherOPEC+ talks tough, policy rollover possible, sources say

   finance.yahoo.com › news › opec-talks-tough-further

   Nov 28, 2023 · A further delay to the meeting is possible, the sources indicated. Two of the sources said an additional cut - a step that sources have said would be looked at - was not being actively discussed.