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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.
Oct 30, 2024 · OPEC+ could delay December's planned increase to oil production by a month or more, four sources close to the matter told Reuters on Wednesday, citing concern about soft oil demand and rising...
Sep 26, 2024 · 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 but first need to cut...
Oct 2, 2024 · A meeting of top OPEC+ ministers has kept oil output policy unchanged including a plan to start raising output from December, while also emphasizing the need for some members to make...
Jan 11, 2022 · The gap between OPEC+ crude oil quotas and production has widened, as the group's steady loosening of its pandemic cuts once again outpaced actual output gains in December, according to the latest S&P Global Platts survey.
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Jan 11, 2023 · OPEC and its allies increased crude oil production by 140,000 b/d in December, the latest Platts survey by S&P Global Commodity Insights found, as Russia largely maintained output in the face of an EU ban and the G7's price cap.
