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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 ...
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...
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...
Oct 31, 2024 · The OPEC+ group combining the Organization of the Petroleum Exporting Countries plus Russia and other allies is scheduled to raise output by 180,000 barrels per day in December. It had already delayed the increase from October because of falling prices.
Nov 3, 2024 · The December increase was due to come from the eight OPEC+ members who had 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.
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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.
