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1. • • 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.
     Reference:

     OPEC+ may stick with deep oil cuts for longer due to weak ...

2. 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 ...

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

     OPEC+ has agreed to delay a planned December oil output...

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

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

3. 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...

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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...

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

   www.bnnbloomberg.ca › business › international

   Oct 29, 2024 · OPEC+ has agreed to restore a total of 2.2 million barrels per day of halted output in monthly tranches through to late 2025. Ministers will gather on Dec. 1 to consider the hikes scheduled for early next year.

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

   oilprice.com › Energy › Crude-Oil

   • Cached

   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 ...

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

   www.msn.com › en-ca › money

   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...

9. People also ask

   Could OPEC+ delay December's planned increase to oil production?

   • REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights LONDON/MOSCOW, Oct 30 (Reuters) - 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.

   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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   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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   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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   Will OPEC push back output increases again?

   • It may push back output increases again when it meets on Dec. 1 due to weak global oil demand, according to three OPEC+ sources familiar with the discussions. Ministers last shelved the increase for a month when they met virtually on Nov. 3.

   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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10. 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 · The Organization of the Petroleum Exporting Countries and its allies will go ahead with a planned oil production increase in December but first need to cut output to address overproduction...