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- OPEC+ has delayed its planned production increase for a second time, responding to weaker demand in China and ample supplies from the Americas. The decision is influenced by geopolitical tensions, particularly the upcoming US presidential election, and concerns about falling oil prices.
oilprice.com/Energy/Crude-Oil/Why-OPEC-Delayed-Its-Planned-Oil-Production-Increase.html
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.
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 ...
Aug 3, 2022 · Members of oil producers' group Opec+ - which includes Russia - agreed on Wednesday to add 100,000 more barrels per day to the market from September. The latest production output...
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.
- cbussewitz@ap.org
- Workplace Reporter
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.
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Aug 2, 2021 · In the deal announced on July 18, OPEC+ members agreed to increase production by 400,000 barrels per day (b/d) each month starting in August 2021. This agreement is in addition to production increases that already took place through July 2021, including the full reversal of Saudi Arabia’s voluntary production cut of an additional 1 million b/d.
