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OPEC+ has delayed its planned oil output increases until April 2025 and extended its production cuts into 2026. The group is holding back about 5.86 million barrels per day, roughly 5.7% of global demand.
Unwinding of 2.2 million bpd of cuts will start in April 2025 with monthly increases.
Keeping roughly 5.9 million bpd off the market delays added supply and supports crude prices, which feeds into diesel and freight costs for feed producers. The pace of future increases will shape how tight the market stays through 2026.
reuters.comAlex LawlerJan 1, 2025After 442 past bullish policy events, Crude Oil (Brent) moved a median +1.4% over 5 sessions (60% higher; middle half -2.0% to +4.9%), and +2.1% over 20.
After 438 past bullish policy events, Crude Oil (WTI) moved a median +0.9% over 5 sessions (61% higher; middle half -2.2% to +4.6%), and +2.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
