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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 · OPEC+ has agreed to delay a planned December oil output increase by one month, the group said on Sunday, as weak demand notably from China and rising supply outside the group maintain downward ...

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

     OPEC+ could delay December's planned increase to oil...

2. www.marketwatch.com › story › oil-prices-rise-over-2Oil prices end at highest in a week after OPEC+ delays output ...

   www.marketwatch.com › story › oil-prices-rise-over-2

   Nov 4, 2024 · Oil prices end at highest in a week after OPEC+ delays output hike by another month Natural-gas futures rally more than 4% on Gulf storm risk Last Updated: Nov. 4, 2024 at 3:26 p.m. ET First ...

3. www.reuters.com › markets › commoditiesOil jumps nearly 3% after OPEC+ delays output hike, US ...

   www.reuters.com › markets › commodities

   Nov 4, 2024 · On Sunday, OPEC+ said it would extend its output cut of 2.2 million barrels per day (bpd) for another month in December, with an increase already delayed from October because of falling prices and ...

4. www.business-standard.com › world-news › opec-agreesOpec+ agrees to delay planned December output increase for ...

   www.business-standard.com › world-news › opec-agrees

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   Nov 3, 2024 · OPEC+ has agreed to delay a planned December oil output increase by one month, three sources from the producer group told Reuters on Sunday, as weak demand notably from China and rising supply outside the group maintain downward pressure on the oil market. The OPEC+ group, combining the ...

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

   www.reuters.com › business › energy

   Oct 30, 2024 · OPEC+ could delay December's planned increase to oil production by a month or more, four sources close to the matter told Reuters on Wednesday, citing concern about soft oil demand and rising supply.

6. oilprice.com › Energy › Energy-GeneralOil Prices Spike After OPEC+ Postpones Production Cut Increase

   oilprice.com › Energy › Energy-General

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   Nov 4, 2024 · OPEC+ delayed a planned increase in oil production, causing prices to rise as analysts debate the long-term impact on the market. ... 2 days Saudi Arabia’s Crude Oil Exports Hit a 3-Month High ...

7. People also ask

   Why did OPEC delay a December oil output increase?

   • Maha began her career with Reuters in Cairo. OPEC+ has agreed to delay a planned December oil output increase by one month, the group said on Sunday, as weak demand notably from China and rising supply outside the group maintain downward pressure on the oil market.

   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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   Was OPEC+ increase delayed by a month?

   • All of the three sources, who said the increase was delayed by a month, declined to be identified by name. Oil prices closed on Friday just above $73 a barrel, supported in part by the prospect of a further delay to the OPEC+ increase. Brent crude is still close to its lowest levels this year, reached in September.

   Opec+ agrees to delay planned December output increase for one month

   www.business-standard.com/world-news/opec-agrees-to-delay-planned-december-output-increase-for-one-month-124110300576_1.html

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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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   Why did OPEC+ push back its December production increase?

   • Get in Touch OPEC+ agreed to push back its December production increase by one month, the second delay to its plans to revive supply as prices continue to struggle amid a fragile economic outlook.

   OPEC+ Has Agreement in Principle to Delay December Ouput Hike

   www.bloomberg.com/news/articles/2024-11-03/opec-has-agreement-in-principle-to-delay-december-ouput-hike

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   Why did OPEC+ delay a supply increase in 2025?

   • Therefore, “this delayed supply increase means that maybe the group are more willing to support prices than many believe,” Patterson and Manthey wrote, adding “However, our balance continues to show that the market will be in surplus through 2025 unless OPEC+ continues with cuts through next year.”

   Oil Prices Spike After OPEC+ Postpones Production Cut Increase

   oilprice.com/Energy/Energy-General/Oil-Prices-Spike-After-OPEC-Delays-Production-Cut-Decision.html

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   Why did OPEC postpone a supply hike?

   • However, weak demand and economic data raised concern in the group about adding more supply, sources told Reuters last week ahead of the decision to postpone the hike made on Sunday after consultations between ministers. The eight countries decided to extend the 2.2 million bpd cut for a month until the end of December, OPEC said in a statement.

   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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8. www.bloomberg.com › news › articlesOPEC+ Delays Supply Restart Again as Crude Prices Struggle

   www.bloomberg.com › news › articles

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   Nov 3, 2024 · OPEC+ agreed to push back its December production increase by one month, the second delay to its plans to revive supply as prices continue to struggle amid a fragile economic outlook.