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1 day ago · 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 ...
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. Their policy could depend on the alliance’s least compliant members: Iraq and Kazakhstan.
Oct 30, 2024 · The OPEC+ group combining the Organization of the Petroleum Exporting Countries plus Russia and other allies is scheduled to raise output by 180,000 barrels per day in December.
Nov 2, 2024 · If OPEC+ output increases as planned, oil prices could drop as low as $40 a barrel by March, S&P Global analyst says.
Sep 4, 2024 · Last week, the Organization of the Petroleum Exporting Countries and allies led by Russia, or OPEC+ as it is known, was set to proceed with a 180,000 barrels-per-day output hike in October,...
Aug 3, 2022 · OPEC, led by Saudi Arabia, and its allies, led by Russia, said they will increase output to 100,000 barrels a day next month after raising it by 648,000 barrels per day in July and August. The group considered what effects staggering inflation and rising COVID-19 rates may have on global demand for fuel in the fall.
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Aug 3, 2022 · But after the latest meeting, Opec+ decided it would raise oil output by just 100,000 barrels per day from September in what some analysts described as an insult.
