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- (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.
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 ...
- OPEC+ could delay December oil output hike, sources say
OPEC+ could delay December's planned increase to oil...
- 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
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 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 ...
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 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.
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...
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 pressure...
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Will OPEC+ start phasing out oil production cuts from December?
OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies such as Russia, is scheduled to raise output by 180,000 barrels per day in December. The group has cut...
