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OPEC+ to Pause Oil Output Increases Amid Glut Concerns

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Source: Financial Times
OPEC+ to Pause Oil Output Increases Amid Glut Concerns
Photo: Financial Times
TL;DR

Opec+ has decided to pause its plans to increase oil output next year in response to fears of an oversupply, with a temporary increase in December followed by a halt in early 2024, amid concerns over weaker demand and the impact of US sanctions on Russian oil exports.

Topics:top-newsbusiness#business#oil-glut#oil-prices#oil-production#opec#russian-sanctions
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  1. Opec+ to pause oil output rises next year after warnings of glut  Financial Times
  2. OPEC and Allies Agree to Boost Oil Production, Then Pause  The Wall Street Journal
  3. OPEC+ set to agree another modest oil output increase, sources say  Reuters
  4. OPEC+ pauses oil output hikes beyond December amid glut fears  CNBC
  5. Oil Prices Fall for a Third Straight Month as OPEC+ Considers Boosting Output  Yahoo Finance

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