OPEC+ could delay planned December oil output hike, sources say

4 weeks ago

Less than a minute

2024.10.30 08:52

© Reuters. FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON/MOSCOW (Reuters) – OPEC+ could delay a planned hike in oil production scheduled to take effect in December by a month or more, three sources from the grouping told Reuters on Wednesday, citing concern about soft oil demand and rising supply.

OPEC and the Saudi government communications office did not immediately respond to requests for comment.

4 weeks ago

Less than a minute

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