# OPEC+ could delay December oil output hike, sources say

> Four sources told Reuters that OPEC+ could delay its planned 180,000 bpd December output increase by a month or more. The group had already postponed the October increase because of falling prices. A decision could come as early as the following week.

- Date: 2024-10-30 · published 2024-10-30T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/27766-opec-could-delay-december-oil-output-hike-sources-say
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A further delay would keep supply tighter than scheduled amid soft demand, supporting crude prices and the energy costs that feed into ingredient and freight markets.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-09-04 | [OPEC+ discussing delay to planned oil output hike in October, sources say \| Reuters](https://feedsoft.ai/events/11570-opec-discussing-delay-to-planned-oil-output-hike-in-october-sources-say-reuters.md) | -6.4% | -1.1% |
| WTI | 2024-09-05 | [OPEC+ agrees to delay October oil output hike for two months \| Reuters](https://feedsoft.ai/events/28238-opec-agrees-to-delay-october-oil-output-hike-for-two-months-reuters.md) | -2.7% | +1.0% |
| WTI | 2021-11-04 | [OPEC+ sticks with 400,000 b/d oil output hike for December, despite US pleas](https://feedsoft.ai/events/43982-opec-sticks-with-400-000-b-d-oil-output-hike-for-december-despite-us-pleas.md) | +0.5% | -17.6% |
| WTI | 2025-01-01 | [OPEC+ delays oil output hike until April, extends cuts into 2026](https://feedsoft.ai/events/26869-opec-delays-oil-output-hike-until-april-extends-cuts-into-2026.md) | +2.2% | +1.1% |
| WTI | 2021-10-04 | [OPEC+ agrees to stick to existing oil output plan, sources say \| Reuters](https://feedsoft.ai/events/44443-opec-agrees-to-stick-to-existing-oil-output-plan-sources-say-reuters.md) | +4.6% | +9.9% |
| BRENT | 2024-09-04 | [OPEC+ discussing delay to planned oil output hike in October, sources say \| Reuters](https://feedsoft.ai/events/11570-opec-discussing-delay-to-planned-oil-output-hike-in-october-sources-say-reuters.md) | -7.1% | -0.9% |
| BRENT | 2024-09-05 | [OPEC+ agrees to delay October oil output hike for two months \| Reuters](https://feedsoft.ai/events/28238-opec-agrees-to-delay-october-oil-output-hike-for-two-months-reuters.md) | -4.4% | +1.0% |
| BRENT | 2021-11-04 | [OPEC+ sticks with 400,000 b/d oil output hike for December, despite US pleas](https://feedsoft.ai/events/43982-opec-sticks-with-400-000-b-d-oil-output-hike-for-december-despite-us-pleas.md) | +1.5% | -15.1% |

## Sources

- investing.com: https://www.investing.com/news/economy-news/opec-could-delay-planned-december-oil-output-hike-sources-say-3691040
- reuters.com: https://www.reuters.com/business/energy/opec-could-delay-planned-december-oil-output-hike-sources-say-2024-10-30/

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