OPEC+ delays oil output hike until April, extends cuts into 2026
OPEC+ on Thursday pushed back the start of oil output rises by three months until April and extended the full unwinding of cuts by a year until the end of 2026 due to weak demand and booming production outside the group.
OPEC+ Extends Oil Output Cuts To Late 2026: What It Means For Markets
The OPEC+ group extends production cuts until 2026, with gradual increases and extended compensation period. Analysts view this as cautious market management.
OPEC+ extends output cuts into 2026 on weak demand
LONDON/MOSCOW/DUBA (Reuters) -- OPEC+ on Thursday pushed back the start of oil output rises by three months until April and extended the full unwinding of cuts by a year until the end of 2026 due to weak demand and booming production outside the group.
OPEC+ extends oil supply cuts through March
Eight OPEC+ countries will extend their "voluntary adjustments" of 2.2 million barrels per day until the end of March, the Vienna-based group said in a statement following a virtu
OPEC+ likely to prolong oil cuts for Q1, sources say
OPEC+ is likely at its meeting on Thursday to extend its latest round of oil output cuts until the end of the first quarter, four OPEC+ sources told Reuters, to provide additional support for the oil market.
Oil rises after OPEC+ pushes back output hike, extends cuts through 2026
Oil prices rose on Thursday after OPEC+ decided to delay its planned output increase by three months to April 2025, and extend the full
Opec+ agrees to delay oil hike plans until April, extends cuts into 2026
Opec+, which pumps about half the world's oil, had been planning to start unwinding cuts from Oct 2024 but a slowdown in global demand and rising output outside the group forced it to postpone plans
OPEC makes fifth and biggest cut to 2024 oil demand growth forecast
OPEC cut its 2024 global oil demand growth forecast for a fifth straight month on Wednesday and by the largest amount yet, a series of downgrades that highlights China's sputtering role as the world's demand growth engine.
OPEC Further Trims Oil-Demand Forecast After Output-Hike Delay
The Vienna-based cartel cut the forecast for the fifth consecutive month after further postponing plans to increase output amid softer prices and market concerns over weaker global consumption.
Oil markets to remain oversupplied in 2025 despite OPEC+ cuts, warns IEA
Oil markets are expected to remain oversupplied next year despite OPEC+ production cuts, the International Energy Agency (IEA) said on Thursday. “Persistent overproduction from some OPEC+ members, robust supply growth from non-OPEC+ countries and relatively modest global oil demand growth leaves the market looking comfortably supplied in 2025,
OPEC again cuts 2024, 2025 oil demand growth forecasts
OPEC cut its forecasts for oil demand growth this year and next on Wednesday, highlighting weakness in China, India and other regions in the producer group's fifth consecutive downward revision. The weaker outlook highlights the challenge facing OPEC+,
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Opec+ extends output cuts
Eight Opec+ countries will extend their “voluntary adjustments” of 2.2 million barrels per day until the end of March, the ...
OPEC puts off output hike till March-end, extends overall cuts till end of 2026
OPEC on Thursday extended the voluntary crude oil production cuts of 2.2 million barrels per day till the end of March due to ...
Yahoo Finance7d
OPEC+ extends oil production cuts until April as it waits on Trump
The OPEC+ group of oil exporters on Thursday delayed a plan to increase fossil-fuel output ... OPEC, are providing new ...
Crude Oil Prices7d
OPEC+ Delays Output Increase to April 2025, Extends Cuts Into 2026
OPEC+ has extended its production cuts until the end of 2026, delaying the planned increase in supply and putting downward pressure on oil prices.