# OPEC production dips in December as UAE implements supply cutbacks

> Bloomberg's survey showed OPEC crude output fell by 120,000 bpd in December to 27.05 million bpd, mainly due to the UAE. Reductions in Iran and Kuwait offset gains in Libya and Nigeria. ADNOC also cut crude cargo allocations to some Asian customers for January and February.

- Date: 2025-01-06 · published 2025-01-06T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/26429-opec-production-dips-in-december-as-uae-implements-supply-cutbacks
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Cutbacks by the UAE and tighter export allocations reduce available supply, which is mildly supportive for crude prices. Higher energy prices raise diesel and freight costs for feed buyers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-02-01 | [OPEC Cuts Oil Production as Coalition Begins New Supply Pact - Bloomberg](https://feedsoft.ai/events/31566-opec-cuts-oil-production-as-coalition-begins-new-supply-pact-bloomberg.md) | -2.6% | +1.9% |
| BRENT | 2025-01-07 | [OPEC oil output falls in December on UAE and Iran, survey finds](https://feedsoft.ai/events/26425-opec-oil-output-falls-in-december-on-uae-and-iran-survey-finds.md) | +6.6% | -0.7% |
| BRENT | 2023-10-11 | [Oil, gasoline prices set to rise in 2024 as OPEC+ production cuts take their toll: EIA](https://feedsoft.ai/events/33795-oil-gasoline-prices-set-to-rise-in-2024-as-opec-production-cuts-take-their-toll.md) | +2.3% | -7.5% |
| BRENT | 2021-10-11 | [OPEC+ crude oil production rises in September, but remains below target: Platts survey](https://feedsoft.ai/events/44721-opec-crude-oil-production-rises-in-september-but-remains-below-target-platts.md) | +3.0% | +0.4% |
| BRENT | 2022-11-30 | [OPEC oil output drops in November after cut pledged -survey \| Reuters](https://feedsoft.ai/events/38584-opec-oil-output-drops-in-november-after-cut-pledged-survey-reuters.md) | -4.2% | -0.8% |
| WTI | 2024-02-01 | [OPEC Cuts Oil Production as Coalition Begins New Supply Pact - Bloomberg](https://feedsoft.ai/events/31566-opec-cuts-oil-production-as-coalition-begins-new-supply-pact-bloomberg.md) | -2.6% | +3.6% |
| WTI | 2025-01-07 | [OPEC oil output falls in December on UAE and Iran, survey finds](https://feedsoft.ai/events/26425-opec-oil-output-falls-in-december-on-uae-and-iran-survey-finds.md) | +7.1% | -1.5% |
| WTI | 2023-10-11 | [Oil, gasoline prices set to rise in 2024 as OPEC+ production cuts take their toll: EIA](https://feedsoft.ai/events/33795-oil-gasoline-prices-set-to-rise-in-2024-as-opec-production-cuts-take-their-toll.md) | +0.9% | -9.5% |

## Sources

- worldoil.com: https://www.worldoil.com/news/2025/1/6/opec-production-dips-in-december-as-uae-implements-supply-cutbacks/

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