Official announcements from OPEC+ member countries

OPEC+ 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.