Decoding the OPEC+ meeting: crude output increases in 2024
Oil Markets · S&P Global Energy
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Show Notes
Oil prices slumped after OPEC+ announced deals to ease voluntary crude output cuts in the last quarter of 2024 and extend group-wide production quotas into 2025. Market watchers are now closely monitoring quota compliance, global oil demand forecasts and non-OPEC+ supply growth.
In this episode of the Oil Markets podcast, S&P Global Commodity Insights' Rosemary Griffin, Payam Hashempour and Charlie Mitchell join Herman Wang to run through the key points of the group's latest deals and the market reaction.
Links:Energy Security Sentinel™ Steady oil prices indicate uncertainty around OPEC+ plan to increase output in Q4 (subscriber content) OPEC+ extends voluntary cuts to September, sets phase-out schedule (subscriber content) Dated Brent - PCAAS00 Dubai Mo01 - PCAAT00