bearish

Crude Oil

OPEC+ Extending Output Cuts Highlights Concerns of Weak Demand and Ample Supply

348 Views07 Dec 2024 01:24
​OPEC+ extends oil supply cuts to end of 2026, delays output hikes by three months. Also, cut planned monthly output hikes to 138k bpd from 180k bpd. OPEC approves UAE increase starting in April 2025.
What is covered in the Full Insight:
  • Introduction
  • OPEC+ Supply Cuts Decision
  • Market Reaction and Price Impact
  • Long-term Supply Outlook
  • Geopolitical Influences
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