The OPEC+ group is getting closer to deciding how to proceed come January, according to several delegates who shared this insight with Bloomberg . After discussing the options, which included deepening the existing production cuts, OPEC+ is now considering a three- to six-month delay to the originally scheduled ramp up that was set to begin in January. The deeper cuts option, however, failed to gain much traction, according to one delegate. On November 30 and December 1, OPEC+ will make its final determination in how it will proceed come January. Currently, the group is cutting about 7.7 million bpd, and some OPEC members are ready for the nightmare that is the production cuts to be over—like the UAE and Iraq. Libya, too, has stated that it would not join in any production cuts until its production had rebounded and stabilized at 1.7 million bpd —from its current 1 million […]