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1. www.reuters.com › business › energyOPEC+ may stick with deep oil cuts for longer due to weak ...

   www.reuters.com › business › energy

   20 hours 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

     OPEC+ next scheduled to meet on Dec. 1. LONDON/DUBAI/MOSCOW,...

   • OPEC+ set to go ahead with Dec oil output hike, sources say

     OPEC+ panel meets on Oct. 2. DUBAI/LONDON, Sept 26 (Reuters)...

2. www.bnnbloomberg.ca › business › internationalOil Traders Split on Whether OPEC+ Will Hike Supply in December

   www.bnnbloomberg.ca › business › international

   Oct 29, 2024 · (Bloomberg) -- Oil traders are divided over whether OPEC+ will proceed with plans to restore production in December, as crude prices falter amid a fragile economic outlook. The alliance led by Saudi Arabia and Russia is due to begin a sequence of monthly output increases with a hike of 180,000 barrels a day in December, as it gradually revives supplies halted since 2022.

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     OPEC+ may adjust oil output agreement to support market | World Business Watch | WION

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     OPEC+ Closes in on Deal to Postpone Oil Supply Increase

     Sep 5, 2024

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     OPEC+ weighing a delay in October's output increase: Reuters

     Sep 4, 2024

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

   www.reuters.com › markets › commodities

   Nov 3, 2024 · OPEC+ next scheduled to meet on Dec. 1. 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 ...

5. www.reuters.com › business › energyOPEC+ set to go ahead with Dec oil output hike, sources say

   www.reuters.com › business › energy

   Sep 26, 2024 · OPEC+ panel meets on Oct. 2. DUBAI/LONDON, Sept 26 (Reuters) - The Organization of the Petroleum Exporting Countries and its allies will go ahead with a planned oil production increase in December ...

6. www.business-standard.com › world-news › opec-agreesOpec+ agrees to delay planned December output increase for ...

   www.business-standard.com › world-news › opec-agrees

   • Cached

   Nov 3, 2024 · OPEC+ has agreed to delay a planned December oil output increase by one month, three sources from the producer group told Reuters on Sunday, as weak demand notably from China and rising supply outside the group maintain downward pressure on the oil market. The OPEC+ group, combining the ...

7. www.nytimes.com › opec-plus-oil-productionWith Oil Prices Weak, OPEC Plus Postpones Increases Again

   www.nytimes.com › opec-plus-oil-production

   Nov 3, 2024 · Saudi Arabia and seven other oil-producing countries said on Sunday that they would postpone plans to gradually increase oil output until the end of December, according to a news release posted on ...

8. People also ask

   Why did OPEC delay a December oil output increase?

   • Maha began her career with Reuters in Cairo. 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 outside the group maintain downward pressure on the oil market.

   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/

   See all results for this question

   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/

   See all results for this question

   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

   www.reuters.com/business/energy/opec-set-go-ahead-with-dec-oil-output-hike-sources-say-2024-09-26/

   See all results for this question

   Will the OPEC+ output increase regaining market share?

   • The output increase in December is not about regaining market share, it is about a small number of countries phasing out their voluntary output cuts, one of the OPEC+ sources said. OPEC+, which groups OPEC members and allies such as Russia, is scheduled to raise output by 180,000 barrels per day in December.

   OPEC+ set to go ahead with Dec oil output hike, sources say

   www.reuters.com/business/energy/opec-set-go-ahead-with-dec-oil-output-hike-sources-say-2024-09-26/

   See all results for this question

   Will OPEC push back output increases again?

   • It may push back output increases again when it meets on Dec. 1 due to weak global oil demand, according to three OPEC+ sources familiar with the discussions. Ministers last shelved the increase for a month when they met virtually on Nov. 3.

   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/

   See all results for this question

   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.

   With Oil Prices Weak, OPEC Plus Postpones Increases Again

   www.nytimes.com/2024/11/03/business/opec-plus-oil-production.html

   See all results for this question

9. www.theglobeandmail.com › business › internationalOPEC+ set to go ahead with Dec oil output hike, sources say

   www.theglobeandmail.com › business › international

   • Cached

   Sep 26, 2024 · OPEC+ is currently cutting output by a total of 5.86 million b/d, equivalent to about 5.7 per cent of global oil demand. Earlier this month, they delayed the plan to boost output after oil prices ...