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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

   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 ...

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

   www.reuters.com › business › energy

   Oct 30, 2024 · The December increase is due to come from the eight OPEC+ members who agreed in September to start a gradual unwinding of the group's most recent layer of output cuts - a cut of 2.2 million bpd ...

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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. 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 ...

6. 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.

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

   www.theglobeandmail.com › business › international

   • Cached

   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 ...

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 increase in December?

   • The December increase is due to come from the eight OPEC+ members who agreed in September to start a gradual unwinding of the group's most recent layer of output cuts - a cut of 2.2 million bpd - from December 2024 into next year. The remaining OPEC+ cuts of 3.66 million bpd will remain in place until the end of 2025.

   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+ 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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   Will the OPEC+ output increase regaining market share?

   • The output increase in December is not about regaining market share, it is about a small number of countries phasing out their voluntary output cuts, one of the OPEC+ sources said. OPEC+, which groups OPEC members and allies such as Russia, is scheduled to raise output by 180,000 barrels per day in December.

   OPEC+ set to go ahead with Dec oil output hike, sources say

   www.theglobeandmail.com/business/international-business/article-opec-set-to-go-ahead-with-dec-oil-output-hike-sources-say/

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9. www.ft.com › content › 9da4cd41-fcc4-4c13-938d-00ff8Opec and allies agree further gradual increase in oil production

   www.ft.com › content › 9da4cd41-fcc4-4c13-938d-00ff8

   Feb 2, 2022 · The gradual rises in production have helped oil rally strongly in 2022, surpassing a seven-year high in January to trade at more than $90 a barrel for the first time since 2014. Brent rose as much ...