OPEC+ to delay oil output hike until April, source says

LONDON/MOSCOW (Reuters) – OPEC+ has agreed to delay its plan to raise oil output until April 2025, an OPEC+ source told Reuters while its meeting was underway, to provide additional support for the oil market.

The group will unwind its latest layer of output cuts gradually from April 2025 until 2026, the source said.

This post is originally published on INVESTING.

  • Related Posts

    Brazil court suspends law cutting tax breaks for firms with deforestation soy commitment

    SAO PAULO/BRASILIA (Reuters) – A justice on Brazil’s top court on Thursday suspended a law from the country’s top soy-producing state that would end tax breaks for firms following an…

    New York to fine fossil fuel companies $75 billion under new climate law

    By Jonathan Allen NEW YORK (Reuters) – New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Brazil court suspends law cutting tax breaks for firms with deforestation soy commitment

    • December 27, 2024
    Brazil court suspends law cutting tax breaks for firms with deforestation soy commitment

    New York to fine fossil fuel companies $75 billion under new climate law

    • December 26, 2024
    New York to fine fossil fuel companies $75 billion under new climate law

    Oil prices fall as gains on fresh China stimulus hopes fade

    • December 26, 2024
    Oil prices fall as gains on fresh China stimulus hopes fade

    Oil prices ease as markets weigh China stimulus hopes

    • December 26, 2024
    Oil prices ease as markets weigh China stimulus hopes

    Gold prices climb as geopolitical tensions persist

    • December 26, 2024
    Gold prices climb as geopolitical tensions persist

    Oil steadies as markets weigh China stimulus hopes

    • December 26, 2024
    Oil steadies as markets weigh China stimulus hopes