OPEC+ Delays Revival of Its Oil Production by Three Months [Yahoo! Finance]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: Yahoo! Finance
Most Read from Bloomberg As Wars Rage, Cities Face a Dark New Era of Urban Destruction Riyadh Metro Partially Opens in Bid to Ease City's Traffic Jams The group led by Saudi Arabia and Russia pushed back the series of supply increases, which had been due to begin with a hike of 180,000 barrels a day in January. It will instead start in April and unwind the cuts at a slower place than previously planned, according to one delegate who asked not to be named because the information isn't public. The Organization of Petroleum Exporting Countries and its partners had first announced in June that they would restore output halted since 2022, reviving 2.2 million barrels per day in monthly tranches. But its plans have been thwarted as oil demand falters in top consumer China, while supplies boom from the US, Brazil and Canada. Global markets face a surplus in 2025 even if OPEC+ doesn't add a single barrel, according to the International Energy Agency. In an indication of OPEC+'s sup
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C
Earnings
- 10/16/24 - Beat
C
Sec Filings
- 12/20/24 - Form 424B2
- 12/20/24 - Form 424B2
- 12/20/24 - Form FWP
- C's page on the SEC website