OPEC+ Has Plan to Complete Series of Quota Hikes, Delegates Say

OPEC+ plans oil quota hikes to restore 1.65m bpd cuts

By Yinka Kolawole, with agency report The Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, are planning to continue a gradual increase in oil production quotas with a target of fully restoring a 1.65 million barrels-per-day output cut introduced in 2023 by September this year. According to a Bloomberg report yesterday, the alliance has already agreed to reinstate nearly two-thirds of the production cuts and is expect…

OPEC+ Has Plan to Complete Series of Quota Hikes, Delegates Say

Key OPEC+ members aim to continue a series of oil quota increases over the next few months, completing the return of a layer of halted production — if only on paper — by the end of September, delegates said.

Delegates Say OPEC Has Plan to Complete Series of Quota Hikes

Key OPEC members aim to continue a series of oil quota increases over the next few months, delegates said.

OPEC+ to Raise Quotas Gradually, Aim to End Cuts by Sept - Media Talk Africa

Key members of OPEC+ are preparing a gradual rise in oil production quotas over the coming months, aiming to restore […]

OPEC+ plans oil quota hikes to restore 1.65m bpd cuts by September

Key members of OPEC+ are planning to continue a series of gradual oil quota increases over the coming months, with the aim of fully restoring a previously halted layer of production—at least on paper—by the end of September.  The post OPEC+ plans oil quota hikes to restore 1.65m bpd cuts by September appeared first on Nairametrics.

OPEC+ Has Plan to Complete Series of Quota Hikes - Energy News Beat

In a move that signals business-as-usual intent amid extraordinary disruption, OPEC+ delegates have outlined plans to press ahead with a series of oil production quota increases, aiming to fully unwind the final layer of voluntary cuts announced in 2023 by the end of September 2026. According to Bloomberg reporting, key members intend to raise targets further and revive the remaining one-third of a 1.65 million barrels-per-day (bpd) supply cutba…