OPEC+ Delays Oil Output Hike Once Again. Story by Giulia Petroni • 20h. T he Organization of the Petroleum Exporting Countries and its allies will further push back an oil-production increase ...

OPEC+ delays oil output hike until April, extends cuts into 2026. By Alex Lawler, Olesya Astakhova and Maha El Dahan. December 5, 2024 3:13 PM UTC Updated December 5, 2024 Summary ...

Oil Market News: Oil Prices Jump as OPEC+ Delays Output Hike By Michael Kern - Nov 04, 2024, 8:21 AM CST Updated: Nov 04, 2024, 11:54 AM CST. Pipeline Pinch Squeezes Permian Oil Prices. The price ...

Oil prices climbed nearly 3% on Monday on OPEC+'s decision for a month's delay in plans to increase output, while investors also focused on the U.S. presidential election.

Oil Prices Rise Despite OPEC+ Output Hike Plans By Irina Slav - Jun 02, 2025, 6:06 AM CDT Morgan Stanley forecasts that OPEC+ will restore all 2.2 million bpd of previously cut output by October ...

LONDON (Reuters) -OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S. President Donald Trump renewing pressure on OPEC and ...

Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms despite falling prices. The 22-nation group began a series of cuts in ...

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group's leader Saudi Arabia seeks to ...

An oil drilling rig operated by Saudi Aramco, in Manifa, Saudi Arabia. OPEC+ members are currently cutting output by a total of around 5.85 million barrels a day. Photo: Simon Dawson/Bloomberg News ...

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 ...

OPEC+ delays oil output hike until April, extends cuts into 2026. The group agreed to allow the UAE to raise output by 300,000 bpd gradually from April until the end of September 2026.