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Economic news

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

10/30/2024

Less than a minute

2024.10.30 08:52

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.

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10/30/2024

Less than a minute