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      • 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.

      OPEC+ may stick with deep oil cuts for longer due to weak ...

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

    21 hours ago · 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 ...

  3. www.oilmonster.com › article › opec-may-stick-withOPEC+ May Stick with Deep Oil Cuts for Longer Due to Weak Demand

    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.

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  5. www.reuters.com › business › energyOPEC+ panel sticks to output policy, doubles down on ...

    Oct 2, 2024 · LONDON/DUBAI, Oct 2 (Reuters) - A meeting of top OPEC+ ministers has kept oil output policy unchanged including a plan to start raising output from December, while also emphasising the...

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

    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.

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

    Nov 3, 2024 · 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 demand notably from China and...

  8. chicago.suntimes.com › 2021/12/2 › 22814170OPEC+ sticks to modest boost in oil output despite omicron

    Dec 2, 2021 · Officials from OPEC countries, led by Saudi Arabia, and their allies, led by Russia, voted to stick with a pre-omicron pattern of steady, modest monthly increases in oil releases — a pace that ...

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  10. globalnews.ca › news › 8421094OPEC+ sticks to oil output plan despite Omicron uncertainty

    Dec 2, 2021 · Officials from OPEC countries, led by Saudi Arabia, and their allies, led by Russia, voted to stick with a pre-Omicron pattern of steady, modest monthly increases in oil releases.