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1. • • 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.
     Reference:

     Opec+ agrees to delay planned December output increase for ...

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 · 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 ...

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

     DUBAI/LONDON, Sept 26 (Reuters) - The Organization of the...

   • OPEC+ could delay December oil output hike, sources say

     OPEC+ could delay December's planned increase to oil...

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

   www.reuters.com › business › energy

   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...

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5. 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.

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 rising...

7. money.usnews.com › investing › newsOPEC+ Set to Go Ahead With Dec Oil Output Hike, Sources Say

   money.usnews.com › investing › news

   • Cached

   Sep 26, 2024 · DUBAI/LONDON (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 output to...

8. 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 · 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.

9. People also ask

   Will OPEC increase oil production in December?

   • REUTERS/Leonhard Foeger/File Photo Purchase Licensing Rights 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 output to address overproduction by some members, two OPEC+ sources said on Thursday.

   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/

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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/

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   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/

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   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/

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   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/

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   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

10. 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...