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OPEC+ Delays Output Increase to April 2025, Extends Cuts Into 2026 ...Middle East
The OPEC+ producers who are reducing output by 2.2 million barrels per day (bpd) have decided to delay the beginning of the gradual easing of the cuts to April 2025, OPEC+ delegates told Argus on Thursday as the ministers were holding their online video conference. The alliance has also decided to extend the collective group cut by one year until the end of 2026, Amena Bakr, Senior Research Analyst at Energy Intelligence, reported while the meeting was ongoing, citing delegates. There are also a lot of discussions about the importance of compliance,…
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