News First | Developed Markets

OPEC+ could delay December oil output hike, sources say

30 October 2024, 12:00 am

1 min read

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

Reuters was first to report that the OPEC+ had agreed to do delay its planned December oil output hike, prompting global oil prices and European oil equity prices to rally.