# OPEC+ Delays Supply Restart Again as Crude Prices Struggle - Bloomberg

> OPEC+ pushed back its December production increase of 180,000 barrels a day by one month, the second delay to its supply restoration plans. The group cited a fragile economic outlook and struggling prices.

- Date: 2024-11-03 · published 2024-11-03T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/27302-opec-delays-supply-restart-again-as-crude-prices-struggle-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A delayed supply restart supports crude prices, which raise input costs for feed production and freight and can lift vegetable oil prices via biofuel links.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-09 | [Crop Prices Jump as War Snarls Trade and Risks Tightening Supply - Bloomberg](https://feedsoft.ai/events/20242-crop-prices-jump-as-war-snarls-trade-and-risks-tightening-supply-bloomberg.md) | +8.5% | +25.0% |
| WTI | 2019-09-15 | [Crude Oil Prices Surge Most Ever After Attack Cuts Saudi Supplies - Bloomberg](https://feedsoft.ai/events/6927-crude-oil-prices-surge-most-ever-after-attack-cuts-saudi-supplies-bloomberg.md) | +5.8% | -0.1% |
| WTI | 2022-04-03 | [Oil Prices Don’t Fully Reflect Russian Supply Risks, Says Vitol - Bloomberg](https://feedsoft.ai/events/11047-oil-prices-don-t-fully-reflect-russian-supply-risks-says-vitol-bloomberg.md) | -1.0% | +5.9% |
| WTI | 2018-07-12 | [OPEC Output May Be Stretched to Limit by Supply Crises, IEA Says - Bloomberg](https://feedsoft.ai/events/63958-opec-output-may-be-stretched-to-limit-by-supply-crises-iea-says-bloomberg.md) | -2.4% | -5.0% |
| WTI | 2026-07-31 | [Supply Disruptions Underpin Crude Oil Prices](https://feedsoft.ai/events/18516-supply-disruptions-underpin-crude-oil-prices.md) | -7.4% | -0.3% |
| BRENT | 2019-09-15 | [Crude Oil Prices Surge Most Ever After Attack Cuts Saudi Supplies - Bloomberg](https://feedsoft.ai/events/6927-crude-oil-prices-surge-most-ever-after-attack-cuts-saudi-supplies-bloomberg.md) | +6.6% | -0.3% |
| BRENT | 2022-04-03 | [Oil Prices Don’t Fully Reflect Russian Supply Risks, Says Vitol - Bloomberg](https://feedsoft.ai/events/11047-oil-prices-don-t-fully-reflect-russian-supply-risks-says-vitol-bloomberg.md) | -3.1% | +2.6% |
| BRENT | 2018-07-12 | [OPEC Output May Be Stretched to Limit by Supply Crises, IEA Says - Bloomberg](https://feedsoft.ai/events/63958-opec-output-may-be-stretched-to-limit-by-supply-crises-iea-says-bloomberg.md) | -3.6% | -3.9% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-11-03/opec-has-agreement-in-principle-to-delay-december-ouput-hike

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.