- Eight OPEC+ members will keep production cuts of 2.2 million barrels per day in place until April 2025, two delegate sources told CNBC.
- The cuts were originally supposed to start phasing out in December.
A woman passes by a logo of Organization of the Petroleum Exporting Countries (OPEC) during the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024.
Maxim Shemetov | Reuters
Oil prices were little changed on Thursday as OPEC+ members will delay plans to increase production.
U.S. crude oil down 2 cents, or 0.03%, to $68.52 per barrel at 8:26 a.m. ET. Brent crude futures were down 4 cents, or 0.06%, to $72.27 per barrel.
Eight OPEC+ members will keep production cuts of 2.2 million barrels per day in place until April 2025, two delegate sources told CNBC. The cuts were originally supposed to start phasing out in December.
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