# OPEC+ sticks to oil policy, ditches US government data

> OPEC+ ministers kept their plan to begin unwinding 2.2 million bpd of cuts in April, with a monthly rise of about 138,000 bpd. The group has held back about 5.85 million bpd since 2022.

- Date: 2025-02-03 · published 2025-02-03T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/25942-opec-sticks-to-oil-policy-ditches-us-government-data
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Keeping the phased supply increase on schedule was largely expected, so it adds little new price pressure on crude and the energy costs that feed the grain and oilseed chain.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-08-01 | [OPEC+ sticks to oil policy, repeats could pause Oct hike](https://feedsoft.ai/events/28690-opec-sticks-to-oil-policy-repeats-could-pause-oct-hike.md) | -3.4% | -2.1% |
| BRENT | 2022-01-04 | [OPEC+ sticks to existing production policy for February](https://feedsoft.ai/events/43064-opec-sticks-to-existing-production-policy-for-february.md) | +3.3% | +16.7% |
| BRENT | 2017-06-02 | [Oil market to OPEC: Show me the data](https://feedsoft.ai/events/70393-oil-market-to-opec-show-me-the-data.md) | -6.5% | -6.3% |
| BRENT | 2025-02-05 | [MEED \| Opec+ decides to adhere to oil production policy](https://feedsoft.ai/events/25947-meed-opec-decides-to-adhere-to-oil-production-policy.md) | +1.2% | -6.2% |
| BRENT | 2022-05-05 | [OPEC+ sticks to modest oil output hike despite price rally](https://feedsoft.ai/events/41317-opec-sticks-to-modest-oil-output-hike-despite-price-rally.md) | -2.5% | +8.0% |
| WTI | 2024-08-01 | [OPEC+ sticks to oil policy, repeats could pause Oct hike](https://feedsoft.ai/events/28690-opec-sticks-to-oil-policy-repeats-could-pause-oct-hike.md) | -3.4% | -4.7% |
| WTI | 2024-10-02 | [OPEC+ panel sticks to output policy, doubles down on compliance](https://feedsoft.ai/events/27767-opec-panel-sticks-to-output-policy-doubles-down-on-compliance.md) | +5.4% | -4.0% |
| WTI | 2022-01-04 | [OPEC+ sticks to existing production policy for February](https://feedsoft.ai/events/43064-opec-sticks-to-existing-production-policy-for-february.md) | +2.8% | +16.0% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-likely-stick-oil-output-hike-plan-sources-say-2025-02-03/

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