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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

     LONDON/DUBAI/MOSCOW, Nov 3 (Reuters) - OPEC+ has agreed to...

3. money.usnews.com › investing › newsOPEC+ Could Delay December Oil Output Hike, Sources Say

   money.usnews.com › investing › news

   • Cached

   Oct 30, 2024 · The prospect of a further delay to the OPEC+ increase helped to lift oil prices by more than 2% on Wednesday. Even so, Brent crude is trading around $72 a barrel, not far above its lows for the ...

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5. 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.

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

   www.reuters.com › markets › commodities

   Nov 3, 2024 · LONDON/DUBAI/MOSCOW, Nov 3 (Reuters) - 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...

7. money.usnews.com › investing › newsOPEC+ Set to Go Ahead With Dec Oil Output Hike, Sources Say

   money.usnews.com › investing › news

   • Cached

   Sep 26, 2024 · DUBAI/LONDON (Reuters) -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...

8. 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 ...

9. People also ask

   Will OPEC increase oil production in December?

   • DUBAI/LONDON (Reuters) -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 by some members, two OPEC+ sources said on Thursday.

   OPEC+ Set to Go Ahead With Dec Oil Output Hike, Sources Say

   money.usnews.com/investing/news/articles/2024-09-26/opec-set-to-go-ahead-with-dec-oil-output-hike-sources-say

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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+ 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 OPEC+ increase oil output by 180,000 barrels a day?

   • OPEC+, which groups OPEC members and allies such as Russia, is scheduled to raise output by 180,000 barrels per day in December. Iraq and Kazakhstan have pledged to cut 123,000 bpd in September to compensate for earlier pumping above agreed levels.

   OPEC+ Set to Go Ahead With Dec Oil Output Hike, Sources Say

   money.usnews.com/investing/news/articles/2024-09-26/opec-set-to-go-ahead-with-dec-oil-output-hike-sources-say

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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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   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

   money.usnews.com/investing/news/articles/2024-10-30/opec-could-delay-planned-december-oil-output-hike-sources-say

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10. www.iea.org › reports › oil-market-report-december-2020Oil Market Report - December 2020 – Analysis - IEA

    www.iea.org › reports › oil-market-report-december-2020

    • Cached

    Dec 15, 2020 · In December, production may rise again ahead of OPEC+ increasing its quota by 0.5 mb/d in January. OPEC+ dominates global growth in the near term, with virtually all the 4Q20 gains and 80% in 1Q21. For 2021 as a whole, non-OPEC producers outside OPEC+ are expected to increase output by 400 kb/d after a fall of 1.3 mb/d in 2020.