Oil prices drop, set for weekly loss even after OPEC+ extends output cuts
Oil prices fell 1% on Friday and were headed for a weekly loss as analysts projected a supply surplus next year despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026.
Opec+ extends output cuts
Eight Opec+ countries will extend their “voluntary adjustments” of 2.2 million barrels per day until the end of March, the Vienna-based group said in a statement following a virtual meeting.
OPEC puts off output hike till March-end, extends overall cuts till end of 2026
OPEC on Thursday extended the voluntary crude oil production cuts of 2.2 million barrels per day till the end of March due to poor demand.
OPEC+ delays oil output hike until April, extends cuts into 2026
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 production outside the group.
OPEC+ Extends Oil Output Cuts To Late 2026: What It Means For Markets
The OPEC+ group extends production cuts until 2026, with gradual increases and extended compensation period. Analysts view this as cautious market management.
OPEC+ extends output cuts into 2026 on weak demand
LONDON/MOSCOW/DUBA (Reuters) -- 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 production outside the group.
OPEC+ Delays Output Increase to April 2025, Extends Cuts Into 2026
OPEC+ has extended its production cuts until the end of 2026, delaying the planned increase in supply and putting downward pressure on oil prices.
OPEC+ likely to prolong oil cuts for Q1, sources say
OPEC+ is likely at its meeting on Thursday to extend its latest round of oil output cuts until the end of the first quarter, four OPEC+ sources told Reuters, to provide additional support for the oil market.
Oil rises after OPEC+ pushes back output hike, extends cuts through 2026
Oil prices rose on Thursday after OPEC+ decided to delay its planned output increase by three months to April 2025, and extend the full
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OPEC+ extends oil production cuts until April as it waits on Trump
The OPEC+ group of oil exporters on Thursday delayed a plan to increase fossil-fuel output ... OPEC, are providing new ...
OPEC+ delays oil hike until April, extends cuts into 2026 - sources
By Alex Lawler, Olesya Astakhova and Maha El Dahan LONDON/MOSCOW/DUBAI (Reuters) - OPEC+ has agreed to delay plans to raise ...