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- The December increase was due to come from the eight OPEC+ members who had 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.
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 ...
- OPEC+ agrees to delay December output hike for one month
OPEC+ has agreed to delay a planned December oil output...
- OPEC+ set to go ahead with Dec oil output hike, sources say
DUBAI/LONDON, Sept 26 (Reuters) - The Organization of the...
- OPEC+ agrees to delay December output hike for one month
Nov 3, 2024 · OPEC+ has agreed to delay a planned December oil output increase by one month, the group said on Sunday, as weak demand notably from China and rising supply outside the group maintain...
Sep 26, 2024 · DUBAI/LONDON, Sept 26 (Reuters) - The Organization of the Petroleum Exporting Countries and its allies will go ahead with a planned oil production increase in December but first need to cut...
Nov 3, 2024 · OPEC+ has agreed to delay a planned December oil output increase by one month, three sources from the producer group told Reuters on Sunday, as weak demand notably from China and rising supply outside the group maintain downward pressure on the oil market.
Jan 11, 2023 · OPEC and its allies increased crude oil production by 140,000 b/d in December, the latest Platts survey by S&P Global Commodity Insights found, as Russia largely maintained output in the face of an EU ban and the G7's price cap.
Oct 31, 2024 · The OPEC+ group combining the Organization of the Petroleum Exporting Countries plus Russia and other allies is scheduled to raise output by 180,000 barrels per day in December. It had already delayed the increase from October because of falling prices.
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Jan 11, 2022 · The gap between OPEC+ crude oil quotas and production has widened, as the group's steady loosening of its pandemic cuts once again outpaced actual output gains in December, according to the latest S&P Global Platts survey.
