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1. www.reuters.com › markets › commoditiesExplainer: Why OPEC+ members find it hard to agree oil ...

   www.reuters.com › markets › commodities

   Nov 23, 2023 · OPEC+ negotiations over production quotas have often been difficult in the past. Oil production tends to vary month by month, making it difficult to fix on a permanent production target. So the ...

2. www.business-standard.com › markets › commoditiesExplained: Why Opec+ members find it hard to agree oil ...

   www.business-standard.com › markets › commodities

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   Nov 30, 2023 · why are quota discussions so fraught? OPEC+ negotiations over production quotas have often been difficult in the past. Oil production tends to vary month by month, making it difficult to fix on a permanent production target.

3. energynow.ca › 2023 › 11Explainer: Why OPEC+ Members Find it Hard to Agree on Oil ...

   energynow.ca › 2023 › 11

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   Nov 24, 2023 · WHY ARE QUOTA DISCUSSIONS SO FRAUGHT? OPEC+ negotiations over production quotas have often been difficult in the past. Oil production tends to vary month by month, making it difficult to fix on a permanent production target. So the higher a production reference level a country can negotiate, the less it actually has to cut to comply with its ...

4. www.reuters.com › markets › commoditiesExplainer: Why does OPEC+ often clash over oil production ...

   www.reuters.com › markets › commodities

   May 28, 2024 · OPEC+ is working to agree oil production capacity for its member countries by the end of 2024, an issue that has created tensions in the past because each nation's output target is calculated from ...

5. ca.finance.yahoo.com › news › explainer-why-doesExplainer-Why does OPEC+ often clash over oil production ...

   ca.finance.yahoo.com › news › explainer-why-does

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   May 28, 2024 · OPEC+ is working to agree oil production capacity for its member countries by the end of 2024, an issue that has created tensions in the past because each nation's output target is calculated from its notional capacity. Members of OPEC+ - comprising OPEC and allies such as Russia - tend to push for higher capacity to get higher output targets after the percentage cut required by the group is ...

6. gulfbusiness.com › why-opec-finds-it-hard-agreeWhy OPEC+ finds it hard to agree on oil production quotas

   gulfbusiness.com › why-opec-finds-it-hard-agree

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   Nov 25, 2023 · Why are oil production quota discussions so fraught? OPEC+ negotiations over production quotas have often been difficult in the past. Oil production tends to vary month by month, making it ...

7. People also ask

   Why are OPEC+ capacity discussions so difficult?

   • Capacity discussions can also be complicated by different oil price preferences among OPEC+ members - some wanting higher prices and lower output and others prepared to tolerate lower prices with higher production. The International Monetary Fund estimates Saudi Arabia needs oil at $96.20 per barrel this year to balance its budget.

   Explainer: Why does OPEC+ often clash over oil production capacity?

   www.reuters.com/markets/commodities/why-does-opec-often-clash-over-oil-production-capacity-2024-05-28/

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   How difficult are OPEC+ negotiations over production quotas?

   • OPEC+ negotiations over production quotas have often been difficult in the past. Oil production tends to vary month by month, making it difficult to fix on a permanent production target. So the higher a production reference level a country can negotiate, the less it actually has to cut to comply with its targets.

   Explainer: Why OPEC+ members find it hard to agree oil production

   www.reuters.com/markets/commodities/why-opec-members-find-it-hard-agree-oil-production-quotas-2023-11-23/

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   Will OPEC+ agree oil production capacity by 2024?

   • LONDON, May 28 (Reuters) - OPEC+ is working to agree oil production capacity for its member countries by the end of 2024, an issue that has created tensions in the past because each nation's output target is calculated from its notional capacity.

   Explainer: Why does OPEC+ often clash over oil production capacity?

   www.reuters.com/markets/commodities/why-does-opec-often-clash-over-oil-production-capacity-2024-05-28/

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   Why do OPEC+ members push for higher capacity?

   • Members of OPEC+ - comprising OPEC and allies such as Russia - tend to push for higher capacity to get higher output targets after the percentage cut required by the group is factored in. OPEC+ has been curbing output to support prices.

   Explainer: Why does OPEC+ often clash over oil production capacity?

   www.reuters.com/markets/commodities/why-does-opec-often-clash-over-oil-production-capacity-2024-05-28/

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   Why is OPEC so distrustful?

   • OPEC has a long history of distrust when it comes to members submitting their own data, whether production or capacity. In June 2023, OPEC+ revised down production targets for Nigeria and Angola after they failed to meet previous targets because of underinvestment and security issues. That triggered Angola's eventual departure.

   Explainer: Why does OPEC+ often clash over oil production capacity?

   www.reuters.com/markets/commodities/why-does-opec-often-clash-over-oil-production-capacity-2024-05-28/

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   Why is OPEC+ reducing output?

   • OPEC+ has been curbing output to support prices. But as many members rely on oil export revenues, they have an incentive to push for the highest production quota they can. OPEC+ members previously reported their own capacity figures.

   Explainer: Why does OPEC+ often clash over oil production capacity?

   www.reuters.com/markets/commodities/why-does-opec-often-clash-over-oil-production-capacity-2024-05-28/

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8. www.theglobeandmail.com › business › industry-newsWhy does OPEC+ often clash over oil production capacity?

   www.theglobeandmail.com › business › industry-news

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   May 28, 2024 · Capacity discussions can also be complicated by different oil price preferences among OPEC+ members – some wanting higher prices and lower output and others prepared to tolerate lower prices ...