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VisitOPEC+ Reaches Initial Agreement to Delay December Oil Output Increase by One Month
Nov 3, 2024, 03:16 PM
OPEC+ has reached an initial agreement to delay the planned increase in oil output for December by one month, according to multiple sources. The decision, reported on November 3, comes after discussions among OPEC+ delegates about the possibility of postponing the restart of oil supplies. This move aims to address market conditions and stabilize oil prices.
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Markets
Yes • 50%
No • 50%
Global oil price indices such as Brent Crude and WTI
No • 50%
Yes • 50%
Official OPEC+ announcements and press releases
Increase production • 25%
Other • 25%
Introduce new quotas • 25%
Decrease production • 25%
Official OPEC+ communiqués and press releases
Increase output • 25%
Maintain current output • 25%
Decrease output • 25%
Other • 25%
Official OPEC+ announcements and press releases
Saudi Arabia • 25%
Russia • 25%
United Arab Emirates • 25%
Other • 25%
Official announcements from OPEC+ member countries