OilPrice
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. No reason was given for the delay. “Market conditions won out,” said Harry Tchilinguirian…
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Why OPEC+ Delayed Its Planned Oil Production Increase
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. No reason was given for the delay. “Market conditions won out,” said Harry Tchilinguirian…