Oil Gains as OPEC+ Further Delays Output Hike. A group of eight OPEC+ members extended voluntary production cuts of 2.2 million barrels a day until the end of December. By . Giulia Petroni.

OPEC+ could delay December's planned increase to oil production by a month or more, four sources close to the matter told Reuters on Wednesday, citing concern about soft oil demand and rising supply.

An oil drilling rig operated by Saudi Aramco, in Manifa, Saudi Arabia. OPEC+ members are currently cutting output by a total of around 5.85 million barrels a day. Photo: Simon Dawson/Bloomberg News ...

OPEC+ nations are discussing a further delay to a planned oil output hike that was due to start in January, two sources from the producer group said on Tuesday, ahead of Sunday's meeting to decide ...

Oil prices slipped on Monday after OPEC+ surprised markets by hiking output more than expected in August, while uncertainty ...

OPEC+, which pumps about half the world's oil, had been planning to start unwinding cuts from October 2024 but a slowdown in global demand and rising output elsewhere forced it to postpone the ...

OPEC+ confirmed the plans during an online meeting on Thursday, announcing that the gradual easing of output cuts would begin in April 2025. The group had planned to ease current reductions in ...

Growing supply from the OPEC+ group, although not as high as the monthly headline figures suggest, is set to create an ...

OPEC+ To Delay Oil Output Hike For 2 Months By Julianne Geiger - Sep 05, 2024, 9:43 AM CDT. OPEC+ has reached a deal to delay the unwinding of its production cuts that were planned to begin in ...

OPEC+ is discussing a possible delay to an oil output increase planned for October, delegates said, after prices crashed to the lowest since last year. The group led by Saudi Arabia and Russia is ...

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group's leader Saudi Arabia seeks to ...

OPEC+ Could Delay December Oil Output Hike, Sources Say. More. Reuters. FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020.