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1. • 2014-2015

     • The last time OPEC did this was in 2014-2015, when it raised output to squeeze U.S. shale firms.
     www.thedailyherald.sx/business/opec-may-stick-with-deep-oil-cuts-for-longer

     The Daily Herald - OPEC+ may stick with deep oil cuts for longer

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

   www.reuters.com › business › energy

   18 hours ago · 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 ...

3. www.thedailyherald.sx › business › opec-may-stickThe Daily Herald - OPEC+ may stick with deep oil cuts for longer

   www.thedailyherald.sx › business › opec-may-stick

   • Cached

   1 day ago · 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.

4. Videos

   • 

     3:56

     youtube.com

     What is OPEC? | CNBC Explains

     Jun 20, 2018

     302.3K Views

   • 

     1:36

     reuters.com

     Why did OPEC cut oil production? Key reasons explained

     Apr 3, 2023

   • 

     4:23

     youtube.com

     What is OPEC? | Explained

     Nov 6, 2021

     15.4K Views

   View all

5. ycharts.com › indicators › opec_crude_oil_productionOPEC Crude Oil Production (I:OPECCOP) - YCharts

   ycharts.com › indicators › opec_crude_oil_production

   • Cached

   Feb 29, 2024 · OPEC Crude Oil Production is at a current level of 28.56M, down from 28.96M last month and down from 29.17M one year ago. This is a change of -1.40% from last month and -2.10% from one year ago. Report

   Date	Value
   June 30, 2024	28.56M
   May 31, 2024	28.96M
   April 30, 2024	29.13M
   March 31, 2024	29.23M

   See full list on ycharts.com

   • Category: Energy
   • Source: Energy Information Administration

   • Report: International Energy Statistics
   • Value from Last Month: 28.96M

6. www.eia.gov › todayinenergy › detailWhat is OPEC+ and how is it different from OPEC?

   www.eia.gov › todayinenergy › detail

   • Cached

   In 2016, largely in response to dramatically falling oil prices driven by significant increases in U.S. shale oil output, OPEC signed an agreement with 10 other oil-producing countries to create what is now known as OPEC+. Among these 10 countries was the world’s third-largest oil producer in 2022, Russia, which produced 13% of the world total (10.3 million barrels per day [b/d]).

7. www.bbc.com › news › business-61188579Opec: What is it and what is happening to oil prices? - BBC

   www.bbc.com › news › business-61188579

   Jun 5, 2023 · Other members of the oil producers' group Opec+ agreed to keep their output levels unchanged, having made cuts of more than one million barrels a day last April.

8. oilprice.com › Energy › Crude-OilPlatts Survey: OPEC+ Raised Oil Output in December

   oilprice.com › Energy › Crude-Oil

   • Cached

   Jan 11, 2024 · OPEC saw its crude oil output rise by as much as 160,000 bpd last month compared to November. A S&P Global Platts survey sees OPEC+ production rising by 130,000 bpd in December 2023.

9. People also ask

   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

   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

   Will OPEC+ cut cause a rise in oil prices?

   • Other members of the oil producers' group Opec+ agreed to keep their output levels unchanged, having made cuts of more than one million barrels a day last April. Oil analysts do not expect the most recent cut to cause a big rise in world crude prices. What is Opec+?

   Opec: What is it and what is happening to oil prices? - BBC

   www.bbc.com/news/business-61188579

   See all results for this question

   Will OPEC+ increase oil production in 2022?

   • Those monthly production increases will continue next year, with Opec+ saying it has extended the deal until December 2022 from April 2022. The result of the long-delayed meeting should mean higher oil production from members in the months ahead, after tight supply pushed oil prices to the highest level in three years.

   Opec+ reaches deal to raise oil production - Financial Times

   www.ft.com/content/b517d13d-dc7b-4610-b468-7ded0b46d8f7

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   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

   Will OPEC+ lift oil production?

   • The Organization of the Petroleum Exporting Countries and its allies led by Russia, the group known as OPEC+, which pumps around half the world's oil, has already delayed a plan to gradually lift production by several months 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

10. www.ft.com › content › b517d13d-dc7b-4610-b468-7ded0Opec+ reaches deal to raise oil production - Financial Times

    www.ft.com › content › b517d13d-dc7b-4610-b468-7ded0

    Jul 18, 2021 · Opec and its allies have reached a deal to raise oil production in response to soaring prices, and set a target for the end of 2022 for restoring all the output cut during the early days of the...