Loading...
Market
Outcome of OPEC+ June 2024 meeting on production levels?
2
Resolution / Starting Odds
Increase production • 25%
Maintain current levels • 25%
Decrease production • 25%
No consensus • 25%
Official announcements from OPEC+ or major news outlets
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
Increase output • 25%
Decrease output • 25%
Maintain current output • 25%
No decision announced • 25%
Proceed as planned • 25%
Delay by one month • 25%
Delay by more than one month • 25%
Cancel increase entirely • 25%
Increase production • 25%
Decrease production • 25%
Maintain current levels • 25%
No decision • 25%
Proceed as planned • 25%
Delayed by 1 month • 25%
Delayed by more than 1 month • 25%
Cancelled • 25%
Increase production • 25%
Decrease production • 25%
Maintain current production • 25%
No consensus reached • 25%
Increase production • 25%
Maintain current levels • 25%
Decrease production • 25%
No decision made • 25%
