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1. • • On Sunday, OPEC+ agreed to extend the cuts of 3.66 million bpd by a year until the end of 2025 and prolong the cuts of 2.2 million bpd by three months until the end of September 2024. OPEC+ will gradually phase out the cuts of 2.2 million bpd over the course of a year from October 2024 to September 2025.
     www.reuters.com/business/energy/opec-seen-prolonging-cuts-2024-into-2025-two-sources-say-2024-06-02/

     OPEC+ extends deep oil production cuts into 2025 | Reuters

2. www.cnn.com › 2024/09/05 › investingOPEC+ extends oil output cuts again through November

   www.cnn.com › 2024/09/05 › investing

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   Sep 5, 2024 · The Organization of the Petroleum Exporting Countries and its allies — the coalition of the world’s top oil producers known as OPEC+ — said Thursday that it is extending oil production cuts...

   • OPEC+ to extend deep oil production cuts into 2025 - CNN

     The Organization of the Petroleum Exporting Countries and...

3. 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+ could further extend voluntary cuts, sources say ... crude output is less than 9% of the global oil total, while OPEC supplies around 25%. ... that U.S. and wider non-OPEC production is not ...

4. Videos

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     OPEC+ Cuts Oil Output | Will Oil Prices Surge? How Could It Affect The Countries? | UPSC 2023

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5. www.reuters.com › business › energyOPEC+ extends deep oil production cuts into 2025 | Reuters

   www.reuters.com › business › energy

   Jun 3, 2024 · On Sunday, OPEC+ agreed to extend the cuts of 3.66 million bpd by a year until the end of 2025 and prolong the cuts of 2.2 million bpd by three months until the end of September 2024.

6. www.cnn.com › 2024/06/02 › businessOPEC+ to extend deep oil production cuts into 2025 - CNN

   www.cnn.com › 2024/06/02 › business

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   Jun 2, 2024 · The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into...

7. www.opec.org › opec_web › enOPEC : Several OPEC+ countries announce extension of ...

   www.opec.org › opec_web › en

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   Mar 3, 2024 · The OPEC Secretariat noted the announcements of several OPEC+ countries extending additional voluntary cuts of 2.2 million barrels per day, aimed at supporting the stability and balance of oil markets.

8. www.reuters.com › markets › commoditiesOPEC+ extends oil output cuts into 2025 | Reuters

   www.reuters.com › markets › commodities

   Jun 3, 2024 · June 3 (Reuters) - OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and...

9. People also ask

   Why did OPEC+ extend its deep oil output cuts into 2025?

   • LONDON/DUBAI, June 2 (Reuters) - OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production.

   OPEC+ extends deep oil production cuts into 2025 | Reuters

   www.reuters.com/business/energy/opec-seen-prolonging-cuts-2024-into-2025-two-sources-say-2024-06-02/

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   Why did OPEC+ announce a cut in oil production?

   • June 3 (Reuters) - OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production. Here is what market analysts have said about the announcement: DAAN STRUYVEN, HEAD OF OIL RESEARCH AT GOLDMAN SACHS

   OPEC+ extends oil output cuts into 2025 | Reuters

   www.reuters.com/markets/commodities/opec-extends-oil-output-cuts-into-2025-2024-06-03/

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   When will OPEC+ stop cutting crude?

   • The countries making up the organization will extend their production cuts of 2.2 million barrels per day through November and plans to phase out those voluntary cuts beginning in December until November 2025, OPEC+ said in a Thursday release. This isn’t the first time OPEC+ has extended output cuts in a bid to boost crude prices.

   OPEC+ extends oil output cuts again through November

   www.cnn.com/2024/09/05/investing/opec-extend-oil-output-cuts/index.html

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   How long will OPEC cuts last?

   • On Sunday, OPEC+ agreed to extend the cuts of 3.66 million bpd by a year until the end of 2025 and prolong the cuts of 2.2 million bpd by three months until the end of September 2024. OPEC+ will gradually phase out the cuts of 2.2 million bpd over the course of a year from October 2024 to September 2025.

   OPEC+ extends deep oil production cuts into 2025 | Reuters

   www.reuters.com/business/energy/opec-seen-prolonging-cuts-2024-into-2025-two-sources-say-2024-06-02/

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   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/

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   When did OPEC cut oil?

   • The group in June lengthened the 2.2 million barrels per day cut through the end of September. That same month, OPEC+ extended a cut of 1.65 million barrels per day announced in April 2023 until the end of 2025. Oil prices rose initially but settled slightly lower Thursday.

   OPEC+ extends oil output cuts again through November

   www.cnn.com/2024/09/05/investing/opec-extend-oil-output-cuts/index.html

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10. finance.yahoo.com › news › opec-seen-prolonging-cutsOPEC+ extends deep oil production cuts into 2025 - Yahoo Finance

    finance.yahoo.com › news › opec-seen-prolonging-cuts

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    Jun 2, 2024 · On Sunday, OPEC+ agreed to extend the cuts of 3.66 million bpd by a year until the end of 2025 and prolong the cuts of 2.2 million bpd by three months until the end of September 2024.