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

   www.reuters.com › business › energy

   21 hours 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 ...

   • OPEC+ agrees to delay December output hike for one month

     The December hike was due to be 180,000 bpd, a small part of...

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

   oilprice.com › Energy › Crude-Oil

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   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 ...

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

   www.reuters.com › markets › commodities

   Nov 3, 2024 · The December hike was due to be 180,000 bpd, a small part of the total 5.86 million bpd of output OPEC+ is holding back, equal to about 5.7% of global demand. OPEC+ agreed those cuts in separate ...

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

   www.bnnbloomberg.ca › business › international

   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 supplies halted since 2022.

6. 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 ...

7. www.msn.com › en-ca › moneyOPEC+ could delay planned December oil output hike ... - MSN

   www.msn.com › en-ca › money

   The planned 180,000 barrels per day hike in December, which is scheduled to come from the eight OPEC+ members who have been making the group's most recent layer of output cuts, was already delayed ...

8. People also ask

   Will OPEC+ be able to increase oil output in December?

   • Our Standards: The Thomson Reuters Trust Principles. 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.

   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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   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 plus increase production?

   • OPEC Plus had first announced in June that it would gradually increase production by an estimated 2.2 million barrels a day, or around 2 percent of global supplies, in October. That had been a major source of concern for the markets. Then, in September, the group announced a delay until at least December.

   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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   Why did OPEC+ push back its December production increase?

   • OPEC+ agreed to push back its December production increase by one month, the second delay to its plans to revive supply as faltering demand in China and swelling supplies from the Americas pressure prices. No reason was given for the delay. "Market conditions won out," said Harry Tchilinguirian, head of oil research at Onyx Commodities Ltd.

   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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   Could OPEC+ delay a planned oil hike by a month?

   • REUTERS/Dado Ruvic/Illustration/File Photo© Thomson Reuters By Alex Lawler, Olesya Astakhova and Dmitry Zhdannikov LONDON/MOSCOW (Reuters) - OPEC+ could delay a planned hike in oil production scheduled to take effect in December by a month or more, three sources told Reuters on Wednesday, citing concern about soft oil demand and rising supply.

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

   www.msn.com/en-ca/money/topstories/opec-could-delay-planned-december-oil-output-hike-sources-say/ar-AA1tcsf2

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   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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9. www.theglobeandmail.com › business › internationalOPEC+ set to go ahead with Dec oil output hike, sources say

   www.theglobeandmail.com › business › international

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   Sep 26, 2024 · OPEC+ is currently cutting output by a total of 5.86 million b/d, equivalent to about 5.7 per cent of global oil demand. Earlier this month, they delayed the plan to boost output after oil prices ...