# Survey Shows OPEC Held Supply Flat Last Month  | Rigzone

> A Bloomberg survey showed OPEC crude production held roughly flat in December at just over 29 million bpd. Lower Venezuelan output was offset by gains from Iraq and other members ahead of a planned first-quarter pause.

- Date: 2026-01-08 · published 2026-01-08T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/20974-survey-shows-opec-held-supply-flat-last-month-rigzone
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Flat OPEC supply in December adds little to the surplus, so crude prices show no new supply-driven pressure. Venezuelan disruptions remain a supply risk to watch.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-08-31 | [OPEC+ Sees 2021 Oil Deficit, 2022 Surplus as Supply Revived - Bloomberg](https://feedsoft.ai/events/45472-opec-sees-2021-oil-deficit-2022-surplus-as-supply-revived-bloomberg.md) | -1.2% | +8.9% |
| WTI | 2024-02-15 | [Oil demand growth slowing as non-OPEC supply expands, says IEA \| Reuters](https://feedsoft.ai/events/31840-oil-demand-growth-slowing-as-non-opec-supply-expands-says-iea-reuters.md) | +3.1% | +6.4% |
| WTI | 2018-02-21 | [IEA, EIA, OPEC differ on 2018 supply, demand growth - BusinessDay NG, TV, and Podcast](https://feedsoft.ai/events/66687-iea-eia-opec-differ-on-2018-supply-demand-growth-businessday-ng-tv-and-podcast.md) | +1.7% | +2.4% |
| WTI | 2024-12-12 | [Oil settles flat; markets weigh IEA surplus forecast, rate cut optimism \| Reuters](https://feedsoft.ai/events/27118-oil-settles-flat-markets-weigh-iea-surplus-forecast-rate-cut-optimism-reuters.md) | +0.4% | +9.3% |
| WTI | 2020-02-07 | [OPEC overdelivers on oil cuts but coronavirus fears complicate outlook: Platts survey](https://feedsoft.ai/events/54752-opec-overdelivers-on-oil-cuts-but-coronavirus-fears-complicate-outlook-platts.md) | +0.9% | -19.2% |
| BRENT | 2025-12-11 | [OPEC Keeps 2026 Oil Supply, Demand Outlook Steady in Latest Report - Bloomberg](https://feedsoft.ai/events/21426-opec-keeps-2026-oil-supply-demand-outlook-steady-in-latest-report-bloomberg.md) | -4.0% | +2.5% |
| BRENT | 2022-11-01 | [OPEC Oil Production Steady Last Month After Group Pledged Symbolic Cut - Bloomberg](https://feedsoft.ai/events/38588-opec-oil-production-steady-last-month-after-group-pledged-symbolic-cut-bloomberg.md) | +5.1% | -11.4% |
| BRENT | 2024-02-15 | [Oil demand growth slowing as non-OPEC supply expands, says IEA \| Reuters](https://feedsoft.ai/events/31840-oil-demand-growth-slowing-as-non-opec-supply-expands-says-iea-reuters.md) | +1.1% | +1.2% |

## Sources

- rigzone.com: https://www.rigzone.com/news/wire/survey_shows_opec_held_supply_flat_last_month-08-jan-2026-182719-article/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.