OPEC+ mulling 1.0m barrel production cut

opec dl oil brent wti crude commodities — 3rd Joint IEA-IEF-OPEC Technical MeetingOPEC

BP

392.40p

15:45 22/11/24

0.98%

3.80p

Brent crude oil futures jumped at the start of the quarter amid reports that the Organisation of Petroleum Exporting Countries and its allies may cut their combined output by approximately 1.0m barrels a day.

FTSE 100

8,260.10

15:45 22/11/24

n/a

FTSE 350

4,551.10

15:45 22/11/24

n/a

FTSE All-Share

4,506.61

15:45 22/11/24

n/a

Oil & Gas Producers

8,192.34

15:44 22/11/24

0.57%

46.56

Shell

2,606.50p

15:45 22/11/24

0.37%

9.50p

The reports, citing delegates, said that cuts of 0.5m b/d or 1.0m b/d were also on the table for Wednesday's meeting and that a final decision would not be taken before.

-- More to follow --