OPEC+ is expected to once again postpone it production hike

OPEC+ is expected to postpone once again its 120,000 barrel-a-day hikeif so it'll be the fourth time the plan has been delayedcurrently OPEC+ aims to restore 2.2 mn barrels a day total, in monthly increments, starting from April ANZ analysts:OPEC’s ability to phase out production cuts without disrupting the oil market is getting increasingly difficultGiven the economic and geopolitical uncertainties and its need to support oil prices, we expect OPEC will delay This article was written by Eamonn Sheridan at www.forexlive.com.

Feb 21, 2025 - 10:30
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OPEC+ is expected to once again postpone it production hike

OPEC+ is expected to postpone once again its 120,000 barrel-a-day hike

  • if so it'll be the fourth time the plan has been delayed
  • currently OPEC+ aims to restore 2.2 mn barrels a day total, in monthly increments, starting from April

ANZ analysts:

  • OPEC’s ability to phase out production cuts without disrupting the oil market is getting increasingly difficult
  • Given the economic and geopolitical uncertainties and its need to support oil prices, we expect OPEC will delay
This article was written by Eamonn Sheridan at www.forexlive.com.
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