Search results
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+ 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
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 · (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 supplies halted since 2022.
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 supply.
By Arunima Kumar (Reuters) - Oil prices rose more than 2% on Wednesday, after Reuters reported OPEC+ could delay a planned oil production increase scheduled to take effect in December by a month ...
Oct 2, 2024 · A meeting of top OPEC+ ministers has kept oil output policy unchanged including a plan to start raising output from December, while also emphasizing the need for some members to make further cuts ...
People also ask
Could OPEC+ delay December's planned increase to oil production?
How has OPEC+ impacted oil prices?
Will OPEC push back output increases again?
Why did OPEC+ cut output in December 2022?
Could OPEC hike be delayed?
Will OPEC+ postpone the oil price increase?
Jan 11, 2022 · The alliance is scheduled to next meet Feb. 2 to decide whether to proceed with another 400,000 b/d quota increase for March. OPEC members Iran, Libya and Venezuela are exempt from quotas under the agreement, while non-OPEC Mexico quit the deal in July 2020 and thus is not included in the Platts survey, though the country continues to send a representative to the group's meetings.
