OPEC+ to Pause Oil Output Increases Amid Glut Concerns
TL;DR Summary
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.
- Opec+ to pause oil output rises next year after warnings of glut Financial Times
- OPEC and Allies Agree to Boost Oil Production, Then Pause The Wall Street Journal
- OPEC+ set to agree another modest oil output increase, sources say Reuters
- OPEC+ pauses oil output hikes beyond December amid glut fears CNBC
- Oil Prices Fall for a Third Straight Month as OPEC+ Considers Boosting Output Yahoo Finance
Reading Insights
Total Reads
0
Unique Readers
2
Time Saved
2 min
vs 3 min read
Condensed
89%
430 → 48 words
Want the full story? Read the original article
Read on Financial Times