OPEC’s Dilemma: Another Year of Supply Curbs or Price Slump

An OPEC branded oil drum at the COP29 climate conference in Baku, Azerbaijan.Photographer: Andrey Rudakov/Bloomberg

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By Grant Smith

November 27, 2024 at 9:17 AM UTC

Updated on

November 27, 2024 at 1:43 PM UTC

This article is for subscribers only.

Bloomberg reporters will discuss OPEC+'s options in a Live Q&A on Wednesday, Nov. 27, at 9 a.m. ET. The Q&A is free and available for everyone to listen to here.

When OPEC+ ministers meet this weekend, they’ll confront an unpalatable choice: continue to curb oil-supplies well into 2025, or risk a renewed price slump.