OPEC could further extend voluntary cuts, sources say
39;Price war39; with rivals seen as unlikely
Deeper cuts unpalatable given internal pressure to hike
OPEC scheduled to meet on Dec. 1

LONDON, Nov 20 Reuters OPEC will have little room to manoeuvre on oil policy when it meets in December it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members want to pump more, sources and analysts said.

The Organization of the Petroleum Exporting Countries and its allies led by Russia, the group known as OPEC, which pumps around half the world39;s oil, has already delayed a plan to gradually lift production by several months this year.

It may push back output increases again when it meets on Dec. 1 due to weak global oil demand, according to three OPEC sources familiar with the discussions. Ministers last shelved the increase for a month when they met virtually on Nov. 3.

I can39;t say it39;s popular in the group but there would be no strong objection to a delay until the first quarter, one of the OPEC sources said, declining to be identified by name.

Two other OPEC sources said it was too early to say what the group will decide. OPEC and the Saudi government communications office did not immediately respond to a request for comment.

OPEC had planned to slowly roll back production cuts with small increases over many months in 2024 and 2025. But a slowdown in Chinese and global demand, and rising output outside…