OPEC+ Considers Delaying December Oil Output Hike of 180k Barrels/Day

Oct 30, 2024, 12:27 PM

OPEC+ is considering delaying its planned oil output hike of 180k barrels/day scheduled for December by one month or more, according to multiple sources, including Reuters. This comes as oil prices have fallen by 18% since July. A survey of traders shows a split opinion, with 16 out of 30 expecting the delay and 14 anticipating the hike will proceed as planned.