​OPEC+ Delays Production Hike (Again) – Tyler Durden

OPEC+ Delays Production Hike (Again) OPEC+ agreed to push back its December production increase by one month, the second delay to its plans to revive supply as faltering demand in China and swelling supplies from the Americas pressure prices. but… but “Reuters sources” inside the Biden oil selling department said OPEC would flood the market any second https://t.co/ICGWItFYL0 — zerohedge (@zerohedge) November 3, 2024 No reason was given for the delay. “Market conditions won out,” said Harry Tchilinguirian, head of oil research at Onyx Commodities Ltd. “OPEC+ showed it couldn’t ignore the current macroeconomic economic realities centered on China and Europe,…  — Continue at ZeroHedge News : Read More