Loading...
Market
Global oil demand to increase by more than 2% in 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Reports from the International Energy Agency (IEA) or the U.S. Energy Information Administration (EIA)
Story
OPEC+ Agrees to Delay December Oil Output Increase by One Month, Extending 2.2 mbd Adjustments Until December 2024
Nov 3, 2024, 03:26 PM
OPEC+ has reached an agreement to delay its planned increase in oil output for December by one month. This decision comes amid ongoing discussions among delegates regarding the state of the oil market and the impact of lower oil prices. Key members of OPEC+, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, are extending their voluntary adjustments of 2.2 million barrels per day (mbd) until the end of December 2024. The agreement reflects OPEC+'s strategy to manage production levels in response to market conditions, with implications for global oil supply and pricing.
View original story
Similar markets
Above 1.74 million bpd • 25%
1.74 million bpd • 25%
Below 1.74 million bpd • 25%
Other • 25%
Less than 5 million barrels per day increase • 25%
5-7.5 million barrels per day increase • 25%
7.5-10 million barrels per day increase • 25%
More than 10 million barrels per day increase • 25%
Less than 100 million barrels per day • 25%
100-105 million barrels per day • 25%
105-110 million barrels per day • 25%
More than 110 million barrels per day • 25%
Decrease of more than 5% • 25%
Decrease of 0% to 5% • 25%
Increase of 0% to 5% • 25%
Increase of more than 5% • 25%
OPEC highest • 25%
IEA highest • 25%
EIA highest • 25%
Tied • 25%
1.64 million bpd or less • 25%
Between 1.65 and 1.74 million bpd • 25%
Between 1.75 and 1.84 million bpd • 25%
1.85 million bpd or more • 25%
Increased • 25%
Decreased • 25%
Unchanged • 25%
No revision • 25%
Less than 100 mb/d • 25%
100-110 mb/d • 25%
110-120 mb/d • 25%
More than 120 mb/d • 25%