LONDON/MOSCOW (Reuters) – OPEC+ has agreed to delay its plan to raise oil output until April 2025, an OPEC+ source told Reuters while its meeting was underway, to provide additional support for the oil market.
The group will unwind its latest layer of output cuts gradually from April 2025 until 2026, the source said.
(Reporting by Olesya Astakhova, Alex Lawler, Maha El Dahan, Vladimir Soldatkin and Ahmad Ghaddar; editing by Jason Neely)
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