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- 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.reuters.com/markets/commodities/opec-agrees-delay-december-output-hike-one-month-sources-say-2024-11-03/
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 ...
- OPEC+ agrees to delay December output hike for one month
OPEC+ has agreed to delay a planned December oil output...
- OPEC+ could delay December oil output hike, sources say
OPEC+ could delay December's planned increase to oil...
- OPEC+ agrees to delay December output hike for one month
1 day ago · November 20, 2024 at 10:58 am EST. LONDON (Reuters) - 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. The Organization of the Petroleum Exporting ...
Nov 3, 2024 · 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...
Oct 29, 2024 · (Bloomberg) -- Oil traders are divided over whether OPEC+ will proceed with plans to restore production in December, as crude prices falter amid a fragile economic outlook. The alliance led by Saudi Arabia and Russia is due to begin a sequence of monthly output increases with a hike of 180,000 barrels a day in December, as it gradually revives ...
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...
Nov 4, 2024 · By ZeroHedge - Nov 04, 2024, 11:00 AM CST. OPEC+ has delayed its planned production increase for a second time, responding to weaker demand in China and ample supplies from the Americas. The ...
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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...
