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1. • • 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.
     www.pressreader.com/canada/the-globe-and-mail-ottawa-quebec-edition/20241104/281956023293925

     OPEC+ agrees to delay December oil output hike - PressReader

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

   www.reuters.com › business › energy

   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 ...

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

   www.bnnbloomberg.ca › business › international

   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.

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

   www.oilmonster.com › article › opec-may-stick-with

   • Cached

   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.

6. www.reuters.com › business › energyOPEC+ could delay December oil output hike, sources say

   www.reuters.com › business › energy

   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...

7. www.msn.com › en-ca › moneyOil prices rise as OPEC+ considers delaying December output ...

   www.msn.com › en-ca › money

   OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia, is scheduled to raise output by 180,000 barrels per day (bpd) in December.

8. www.rte.ie › news › businessOPEC+ agrees to delay December output hike for a month - RTÉ

   www.rte.ie › news › business

   • Cached

   Nov 4, 2024 · OPEC+ has agreed to delay a planned December oil output increase by one month, the group said, as weak demand notably from China and rising supply outside the group maintain downward...

9. People also ask

   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 in December?

   • Both contracts rose by more than 2 % earlier in the session. OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia, is scheduled to raise output by 180,000 barrels per day (bpd) in December. The group has cut output by 5.86 million bpd, equivalent to about 5.7% of global oil demand.

   Oil prices rise as OPEC+ considers delaying December output increase

   www.msn.com/en-ca/money/topstories/oil-prices-rise-as-opec-considers-delaying-december-output-increase/ar-AA1tcGm0

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   Why did OPEC+ cut output in December 2022?

   • OPEC+ agreed those cuts in separate steps since 2022 to support the market. The December increase is due to come from the eight OPEC+ members who agreed in September to start a gradual unwinding of the group's most recent layer of output cuts - a cut of 2.2 million bpd - from December 2024 into next year.

   OPEC+ could delay December oil output hike, sources say

   www.reuters.com/business/energy/opec-could-delay-planned-december-oil-output-hike-sources-say-2024-10-30/

   See all results for this question

   Will OPEC+ roll back production cuts in 2024 & 2025?

   • OPEC+ had planned to slowly roll back production cuts with small increases over many months in 2024 and 2025. But a slowdown in Chinese and global demand, and rising output outside the group, have put a dampener on that plan. This has left OPEC+ maintaining output cuts for longer than it had thought.

   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

   Why did OPEC increase in December?

   • The December increase is due to come from the eight OPEC+ members who agreed in September to start a gradual unwinding of the group's most recent layer of output cuts - a cut of 2.2 million bpd - from December 2024 into next year. The remaining OPEC+ cuts of 3.66 million bpd will remain in place until the end of 2025.

   OPEC+ could delay December oil output hike, sources say

   www.reuters.com/business/energy/opec-could-delay-planned-december-oil-output-hike-sources-say-2024-10-30/

   See all results for this question

   Could OPEC hike be delayed?

   • A decision to delay the increase could come as early as next week, two of the sources said. "The December hike could be postponed as the market is not healthy enough," one of the sources said. The prospect of a further delay to the OPEC+ increase helped to lift oil prices by more than 2% on Wednesday.

   OPEC+ could delay December oil output hike, sources say

   www.reuters.com/business/energy/opec-could-delay-planned-december-oil-output-hike-sources-say-2024-10-30/

   See all results for this question

10. www.bloomberg.com › news › articlesOPEC+ Delays Supply Restart Again as Crude Prices Struggle

    www.bloomberg.com › news › articles

    • Cached

    Nov 3, 2024 · OPEC+ agreed to push back its December production increase by one month, the second delay to its plans to revive supply as prices continue to struggle amid a fragile economic outlook.