The OPEC+ meeting has been postponed, with Nigeria and Angola refusing to lower their production quotas for 2024. Traders are seeking protection against a potential sharp price decline. Angola plans to stay in OPEC+ despite the dispute. Oil options trading has turned bearish, and the meeting will now be held online. Nigeria has lifted production targets ahead of the meeting. OPEC+ and African oil producers are moving closer to a compromise on 2024 output levels. The delayed meeting will be held online, and expectations for the meeting have shifted. OPEC+ is close to resolving the dispute over output quotas, prompted by demands on African members.
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OPEC+ is close to resolving a dispute over output quotas that forced the group to postpone a pivotal meeting, as it reviews the demands made on African members https://t.co/Oriy13EMLU
OPEC+ Closes In On Deal To Resolve African Oil Quota Dispute #oott #OPEC #oil
#OOTT $USO | OPEC+ Closes In On Deal To Resolve African Oil Quota Dispute - Bloomberg - Dispute Forced Group To Postpone Key Meeting To Nov. 30 - Agreement Back In June Left African Nations With Lower Quotas
OPEC+ is close to resolving a dispute over output quotas that forced the group to postpone a pivotal meeting, as it reviews the demands made on African members https://t.co/Gj4ChERhPZ
OPEC+ is close to resolving a dispute over output quotas that forced the group to postpone a pivotal meeting, as it reviews the demands made on African members https://t.co/RlHO2q7SbE
Expectations for the delayed OPEC+ meeting have shifted, according to a Bloomberg survey of traders and analysts https://t.co/9i0pbftH4O
"OPEC+ has been increasing their production over the last several months," Lipow Oil Associates president Andrew Lipow says. "That's been led by Iran, Iraq, Angola, and Nigeria at the same time that the burden of the oil market has been falling on Saudi Arabia's shoulders." https://t.co/vdIxtx6dT0
OPEC+ moving closer to compromise with African producers, sources say https://t.co/EiJWL39FeQ https://t.co/TQM1ewuuUM
⚠️ OPEC+ MOVING CLOSER TO COMPROMISE WITH AFRICAN PRODUCERS, SOURCES SAY Full Story → https://t.co/BNN1V1E0rH OPEC+ has moved closer to a compromise with African oil producers on 2024 output levels, three OPEC+ sources told Reuters, after disagreements over those targets… https://t.co/z3gSup58jl https://t.co/xdD2eadZw8
Oil prices steady ahead of OPEC+ oil production decision - Reuters https://t.co/sy6iV8RycB
The delayed OPEC+ meeting next week will be held online instead of in-person as the cartel wrangles over production levels https://t.co/KAWYQI4wwS https://t.co/FrB5bz7CvL
Brent climbs ahead of OPEC+ oil production decision https://t.co/xIoAL7qiPe https://t.co/wkIZA59RX1
Here’s the latest news and analysis on the oil market https://t.co/EjVibRKqtM
Here’s the latest news and analysis on the oil market https://t.co/jWZYqVh5jv
Here’s the latest news and analysis on the oil market https://t.co/uWCl8kfG7P
Oil production is UP 0.7mn barrels a day since a quarter ago. Not what the Saudis planned for and it leaves stakes high for the OPEC meeting next week. Nigeria is probably the biggest hurdle (production up 150.000 barrels since a quarter ago) for a deal. OPEC+ really have the… https://t.co/a5cSV0xES0 https://t.co/geZaGreCbL
OPEC meeting now set for next week Thursday (Nov. 30). $USO $UCO 🛢 Saudis have been socializing their displeasure with current over-production (not clear whom they're most upset with (Russia likely), but it also should involve West African members and Iraq, who are… https://t.co/3shuvgLDIL
🔴 OPEC+ AND AFRICAN OIL PRODUCERS ARE SAID TO BE MOVING CLOSER TO A COMPROMISE ON 2024 PRODUCTION LEVELS - TWO OPEC+ SOURCES.
If the #conflict remains localised without affecting major #oil producers or transit routes, #prices may see limited immediate change, prompting OPEC to maintain current production levels, mentions @manishvaidcapri https://t.co/ZBc1OQQPUL
Nigeria lifts production targets ahead of OPEC+ meeting https://t.co/TKgpf6TMIF https://t.co/LyOEzX7POg
Explainer: Why OPEC+ members find it hard to agree oil production quotas https://t.co/mRHPrl9fEc https://t.co/zQD8VOFGts
The upcoming OPEC+ meeting pushed back by several days will now be held online https://t.co/U9j3c7wjPw
The upcoming OPEC+ meeting pushed back by several days will now be held online https://t.co/o7GDKZ8kqI
The upcoming OPEC+ meeting pushed back by several days will now be held online https://t.co/DbMNwXhDHa
The upcoming OPEC+ meeting pushed back by several days will now be held online https://t.co/MOdvUwYwnK
Angola fighting to raise oil output, it says, amid OPEC+ dispute https://t.co/2oWwDNdnRj https://t.co/rdlKLpiiBq
Oil options trading took a sharply bearish turn as OPEC+ postponed a pivotal output-policy meeting https://t.co/2BgINxWpeT via @alexlongley1 https://t.co/xV61dPNERT
Angola, Africa’s second biggest crude producer, is planning to stay in OPEC+ despite a dispute over output quotas https://t.co/nUv1Brzqo7
Angola, Africa’s second biggest crude producer, is planning to stay in OPEC+ despite a dispute over output quotas https://t.co/Q3IvmL9NxK
With the OPEC+ producer group postponing a pivotal policy meeting, some traders are seeking protection against the risk of a sharp price decline https://t.co/juCEByvFcQ
With the OPEC+ producer group postponing a pivotal policy meeting, some traders are seeking protection against the risk of a sharp price decline https://t.co/WikGoxfeI4
The OPEC+ delay -- a few notes: 1) At the heart, OPEC is fighting about who pumps how much. Nigeria and Angola, which have struggled to meet their quota, refuse an official lower level for 2024. Leaving OPEC is real, but remote, possibility for Angola; but no for Nigeria | 1/7