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1. www.bnnbloomberg.ca › investing › 2024/11/26OPEC+ Begins Talks on Delaying Oil Output Restart Again

   www.bnnbloomberg.ca › investing › 2024/11/26

   1 day ago · The whole of OPEC+ is due to meet online on Dec. 1. Eight OPEC+ nations are supposed to revive 2.2 million barrels a day in monthly installments from January, a sequence postponed from October as oil prices struggled. The group has been withholding output since late 2022 in a bid to shore up prices.

   • OPEC’s Dilemma: Another Year of Oil Supply Curbs or Price ...

     But if OPEC+ wants to prevent a glut, it may need to do much...

2. www.bnnbloomberg.ca › investing › 2024/11/27OPEC’s Dilemma: Another Year of Oil Supply Curbs or Price ...

   www.bnnbloomberg.ca › investing › 2024/11/27

   23 hours ago · But if OPEC+ wants to prevent a glut, it may need to do much more. A surplus looms next year even if the cartel cancels the supply hikes entirely, the International Energy Agency forecasts. Citigroup Inc. and JPMorgan Chase & Co. warn that prices are already set for a slump from $73 a barrel toward $60 — and lower if the group opens the taps.

3. Videos

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     OPEC releases 2022 World Oil Outlook

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     Will deeper OPEC+ output cuts matter for oil prices?

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     Australian market climbs, oil prices volatile as OPEC+ debates production cuts

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4. www.reuters.com › markets › commoditiesOPEC+ discusses further delay to oil output hike, sources say

   www.reuters.com › markets › commodities

   1 day ago · Despite OPEC+'s cuts and delays to output hikes, oil prices have mostly stayed in a $70-$80 per barrel range this year and on Tuesday were trading below $74 a barrel, not far above a 2024 low ...

5. oilprice.com › Energy › Crude-OilOPEC+ Delays Cut Rollback as Big Oil Production Hits Highs

   oilprice.com › Energy › Crude-Oil

   • Cached

   Nov 6, 2024 · Higher production from non-OPEC+ sources has added to concerns about global oil demand growth to weigh on oil prices in recent months. On Sunday, OPEC+ announced it would delay the planned start to...

6. money.usnews.com › investing › newsAnalysis-OPEC+ May Stick With Deep Oil Cuts for Longer Due to ...

   money.usnews.com › investing › news

   • Cached

   Nov 20, 2024 · Despite OPEC+'s cuts and delays to output hikes, oil prices have mostly stayed in the $70-$80 per barrel range this year. ... OPEC+'s oil output is equal to 48% of world supply, the lowest since ...

7. financialpost.com › opecs-problem-oil-next-yearOPEC's quick fix means oil glut awaits next year

   financialpost.com › opecs-problem-oil-next-year

   Sep 6, 2024 · OPEC+ has staved off an oil surplus this year by deciding to restrain production a little longer. But the temporary fix won’t hold back the supply glut awaiting global markets in 2025.

8. People also ask

   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.

   Analysis-OPEC+ May Stick With Deep Oil Cuts for Longer Due to Weak …

   money.usnews.com/investing/news/articles/2024-11-20/analysis-opec-may-stick-with-deep-oil-cuts-for-longer-due-to-weak-demand

   See all results for this question

   Will OPEC delay a planned oil output hike?

   • OPEC+ nations are discussing a further delay to a planned oil output hike that was due to start in January, two sources from the producer group said on Tuesday, ahead of Sunday's meeting to decide policy for the early months of 2025.

   OPEC+ discusses further delay to oil output hike, sources say

   www.reuters.com/markets/commodities/iraq-saudi-arabia-russia-emphasise-importance-stable-oil-markets-2024-11-26/

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   What is the OPEC Monthly oil market report?

   • The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance. In an effort to continuously enhance the service provided to our readers, we are pleased to announce that the analysis provided in the OPEC Monthly Oil Market Report is now more accessible than ever.

   Monthly Oil Market Report 2022 - OPEC

   www.opec.org/opec_web/en/publications/6809.htm

   See all results for this question

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

   • REUTERS/Leonhard Foeger/File Photo By Alex Lawler, Ahmad Ghaddar and Robert Harvey LONDON (Reuters) - 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.

   Analysis-OPEC+ May Stick With Deep Oil Cuts for Longer Due to Weak …

   money.usnews.com/investing/news/articles/2024-11-20/analysis-opec-may-stick-with-deep-oil-cuts-for-longer-due-to-weak-demand

   See all results for this question

   Will OPEC increase oil production in 2026?

   • “Increasing oil production might become a key consideration for some OPEC members in 2026,” when “there is an elevated risk of another market reset,” she said. --With assistance from Nayla Razzouk, Ben Bartenstein, Manus Cranny, Fiona MacDonald, Salma El Wardany and Archie Hunter.

   OPEC’s Dilemma: Another Year of Oil Supply Curbs or Price Slump

   www.bnnbloomberg.ca/investing/2024/11/27/opecs-dilemma-another-year-of-oil-supply-curbs-or-price-slump/

   See all results for this question

   Will OPEC+ cancel supply hikes?

   • Global oil markets are set to tip into a renewed glut next year even if OPEC+ cancels the supply hikes entirely, the International Energy Agency forecasts. Citigroup Inc. and JPMorgan Chase & Co. warn that prices are already set for a slump from above $70 a barrel toward $60 — and lower if the group opens the taps.

   OPEC+ Begins Talks on Delaying Oil Output Restart Again

   www.bnnbloomberg.ca/investing/2024/11/26/opec-begins-talks-on-delaying-oil-output-restart-again/

   See all results for this question

9. www.opec.org › opec_web › enMonthly Oil Market Report 2022 - OPEC

   www.opec.org › opec_web › en

   • Cached

   The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.