# OPEC+ holds oil quotas ahead of July production review

> OPEC+ countries agreed to leave their formal group-wide output quotas unchanged, with the market focusing on a possible increase from the eight members with voluntary cuts. Brent for July delivery closed at $64.90 per barrel after the meeting. The formal policy keeps the group cutting about 2 million barrels per day through the end of 2026.

- Date: 2025-05-28 · published 2025-05-28T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/24603-opec-holds-oil-quotas-ahead-of-july-production-review
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Unchanged formal quotas gave limited direct price support, but the expectation of an increase from the eight-member subset kept supply expectations rising. The outcome mainly shapes near-term crude sentiment, with limited direct impact on feed commodities.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-06-08 | [Opec+ raises July oil production quotas amid supply concerns \| Malay Mail](https://feedsoft.ai/events/18720-opec-raises-july-oil-production-quotas-amid-supply-concerns-malay-mail.md) | -7.5% | -26.2% |
| BRENT | 2024-01-02 | [OPEC+ To Meet In Early February To Review Production: Report](https://feedsoft.ai/events/32034-opec-to-meet-in-early-february-to-review-production-report.md) | -2.0% | +7.5% |
| BRENT | 2020-09-18 | [OPEC JMMC asks members to maintain status quo on production quotas](https://feedsoft.ai/events/51057-opec-jmmc-asks-members-to-maintain-status-quo-on-production-quotas.md) | -2.9% | -1.0% |
| BRENT | 2023-06-01 | [What have OPEC+ producers said ahead of June oil policy meeting?](https://feedsoft.ai/events/35855-what-have-opec-producers-said-ahead-of-june-oil-policy-meeting.md) | +6.3% | +2.1% |
| BRENT | 2026-08-03 | [OPEC 7 Decide to Boost Production Quota \| Rigzone](https://feedsoft.ai/events/17824-opec-7-decide-to-boost-production-quota-rigzone.md) | -8.5% | -4.2% |
| WTI | 2026-06-08 | [Opec+ raises July oil production quotas amid supply concerns \| Malay Mail](https://feedsoft.ai/events/18720-opec-raises-july-oil-production-quotas-amid-supply-concerns-malay-mail.md) | -6.1% | -25.6% |
| WTI | 2024-01-02 | [OPEC+ To Meet In Early February To Review Production: Report](https://feedsoft.ai/events/32034-opec-to-meet-in-early-february-to-review-production-report.md) | -1.2% | +8.8% |
| WTI | 2020-09-18 | [OPEC JMMC asks members to maintain status quo on production quotas](https://feedsoft.ai/events/51057-opec-jmmc-asks-members-to-maintain-status-quo-on-production-quotas.md) | -2.0% | -0.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2025/05/28/opec-holds-oil-quotas-ahead-of-july-production-review.html

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