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1. www.opec.org › opec_web › enMonthly Oil Market Report 2018 - OPEC

   www.opec.org › opec_web › en

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   Monthly Oil Market Report 2018 The Monthly Oil Market Report (MOMR) contains a wealth of information, including developments in the world economy, data on oil prices, supply and demand, crude and product stocks and much more.

2. www.iea.org › reports › oil-market-report-december-2018Oil Market Report - December 2018 – Analysis - IEA

   www.iea.org › reports › oil-market-report-december-2018

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   Cuts from January reduce non-OPEC production growth for 2019 by 415 kb/d, to 1.5 mb/d, compared with 2.4 mb/d in 2018. OPEC crude oil output rose 100 kb/d m-o-m to 33.03 mb/d in November as Saudi Arabia and the UAE reached record highs, more than offsetting a sharp loss from Iran. The group agreed to cut output by 0.8 mb/d from January.

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     What is OPEC? | CNBC Explains

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     Why did OPEC cut oil production? Key reasons explained

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     OPEC meeting kicks off with benchmark oil prices under pressure • FRANCE 24 English

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4. www.opec.org › opec_web › enMarket Indicators 2018 - OPEC

   www.opec.org › opec_web › en

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   The main sources used for data collection are: The latest OPEC Monthly Oil Market Report, Platt's, IMF, OECD - Monthly Oil Data Service and other OPEC Secretariat's assessments. Click below for free downloads of the 2018 reports. December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018

5. www.reuters.com › business › energyOPEC+ may stick with deep oil cuts for longer due to weak ...

   www.reuters.com › business › energy

   1 day ago · 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 ...

6. www.npr.org › 2018/12/07 › 674516992Oil Prices Jump After OPEC Agrees To Bigger-Than-Expected ...

   www.npr.org › 2018/12/07 › 674516992

   Dec 7, 2018 · Ignoring pressure from President Trump to keep the oil flowing, OPEC, Russia and other producers have agreed to cut production. They pledged to pare output by 1.2 million barrels a day, hoping to ...

7. ca.finance.yahoo.com › news › opec-extends-oilOPEC extends its oil output cuts by one month until the end ...

   ca.finance.yahoo.com › news › opec-extends-oil

   Nov 3, 2024 · Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month. In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025. OPEC later ...

8. People also ask

   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/

   See all results for this question

   Will OPEC+ be able to increase oil output in December?

   • Our Standards: The Thomson Reuters Trust Principles. 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.

   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

   Why did OPEC increase in December?

   • 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. The remaining OPEC+ cuts of 3.66 million bpd will remain in place until the end of 2025.

   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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   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/

   See all results for this question

   How much oil does OPEC+ produce?

   • OPEC+'s oil output is equal to 48% of world supply, the lowest since it was formed in 2016 with a market share of over 55%, according to Reuters calculations based on International Energy Agency figures. The U.S. has become the world's largest oil producer, pumping more than 20 million bpd or a fifth of global production.

   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

   When was the last time OPEC raised oil output?

   • The last time OPEC did this was in 2014-2015, when it raised output to squeeze U.S. shale firms. OPEC+'s oil output is equal to 48% of world supply, the lowest since it was formed in 2016 with a market share of over 55%, according to Reuters calculations based on International Energy Agency figures.

   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

9. www.reuters.com › business › energyOPEC+ could delay December oil output hike, sources say

   www.reuters.com › business › energy

   Oct 30, 2024 · 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 ...