OPEC+ could delay Dec. oil output hike, sources say
OPEC+ agrees to delay December output hike for one month, sources say
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.
Eight members of the OPEC+ group of oil-producing nations said on Sunday they were extending supply cuts until the end of December.
Developments in the Middle East have and worries about the prospects for global demand have fueled volatile trading in the ...
The Organization of the Petroleum Exporting Countries and allies are in a dilemma with its decision to increase oil output ...
Oil traders are divided over whether OPEC+ will proceed with plans to restore production in December, as crude prices falter ...
The surplus oil available in the market exceeds seven to eight million barrels per day, with OPEC+ holding about six million ...
That level of production puts the US at odds with the plans of other oil-producing nations. OPEC+, an alliance led by Saudi ...
Uncertainty surrounds OPEC+ production plans for December, with traders divided and the group facing challenges like lower ...
Oil prices rise on strong U.S. fuel demand and possible OPEC+ output delay, with key technical levels signaling potential ...
The decision taken by the OPEC+ group to refrain from increasing crude production until the end of 2025 was a wise one. The ...
Crude oil traders brace for potential volatility amid geopolitical tensions and OPEC+ disagreements. Key support and ...
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