OPEC+ Considers Delay to Oil Output Plans, Bloomberg Says, Citing Sources

Dow Jones

02-17

--The Organization of the Petroleum Exporting Countries and its allies are considering pushing back a planned oil output increase, Bloomberg reports, citing unnamed delegates.

--No decision has been made yet and the group is divided on how to proceed, according to the news outlet.

--OPEC+ has been withholding barrels for more than two years and is set to gradually raise output from April after having pushed back its plans multiple times in a bid to shore up prices.

Full story: https://shorturl.at/FraPB

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

February 17, 2025 06:45 ET (11:45 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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