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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.
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 ...
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 ...
Oct 31, 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 – from December 2024 into next year. The remaining OPEC+ cuts of 3.66 million bpd will remain in place until the end of 2025.
Oct 2, 2024 · A meeting of top OPEC+ ministers has kept oil output policy unchanged including a plan to start raising output from December, while also emphasizing the need for some members to make further cuts ...
Sep 5, 2024 · The group now plans to ease output cuts beginning in December. OPEC+’s existing plan is to begin the careful process of rolling back the current voluntary production cuts starting next month ...
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Jul 6, 2021 · The producers have been gradually easing the output restrictions, but a plan on Friday to lift output by about 2 million barrels per day (bpd) from August to December 2021 and to extend the pact ...
