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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 ...
- OPEC+ agrees to delay December output hike for one month
The December hike was due to be 180,000 bpd, a small part of...
- OPEC+ agrees to delay December output hike for one month
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 3, 2024 · The December hike was due to be 180,000 bpd, a small part of the total 5.86 million bpd of output OPEC+ is holding back, equal to about 5.7% of global demand. OPEC+ agreed those cuts in separate ...
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.
Jan 11, 2023 · OPEC and its allies increased crude oil production by 140,000 b/d in December, the latest Platts survey by S&P Global Commodity Insights found, as Russia largely maintained output in the face of an EU ban and the G7's price cap.
Feb 2, 2022 · In December, Opec+ managed to increase output by only 250,000 b/d, according to the International Energy Agency, after Nigeria, Angola and Malaysia all underproduced. Russia also pumped...
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Aug 1, 2024 · After making no firm decision at the Joint Ministerial Monitoring Committee meeting, OPEC+ can theoretically ponder the scheduled fourth-quarter output boost until early September, when cargo loading dates for customers will likely be finalized. The JMMC will meet again on Oct. 2.
