# OPEC+ kicks the can again as Trump is added to demand dilemma

> Reuters analysis says OPEC+ is again deferring its output unwinding, with the next hike now set for April 2025. The group is holding about 5.86 million bpd of cuts to keep prices near $75 a barrel. The piece also discusses how potential Trump administration policies on Iran sanctions and trade could affect prices.

- Date: 2024-12-05 · published 2024-12-05T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/26873-opec-kicks-the-can-again-as-trump-is-added-to-demand-dilemma
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Continued cuts support crude prices, but the analysis expects weaker global growth from trade policy to be bearish overall. Feed buyers should watch both the supply deferral and demand-side risks for energy costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-02-03 | [OPEC+ Sticks to Oil Supply Plan Even as Trump Seeks Price Cut - Bloomberg](https://feedsoft.ai/events/25944-opec-sticks-to-oil-supply-plan-even-as-trump-seeks-price-cut-bloomberg.md) | -2.9% | -3.9% |
| BRENT | 2018-12-07 | [OPEC and Allies, Defying Trump, Agree to Cut Oil Output to Prop Up Prices](https://feedsoft.ai/events/10624-opec-and-allies-defying-trump-agree-to-cut-oil-output-to-prop-up-prices.md) | +2.2% | -2.9% |
| BRENT | 2019-01-03 | [Oil rises in choppy trade as OPEC supply cuts vie with demand worry](https://feedsoft.ai/events/10830-oil-rises-in-choppy-trade-as-opec-supply-cuts-vie-with-demand-worry.md) | +10.9% | +13.4% |
| BRENT | 2019-07-02 | [Opec agrees to extend cuts for nine months amid demand concerns \| The National](https://feedsoft.ai/events/58008-opec-agrees-to-extend-cuts-for-nine-months-amid-demand-concerns-the-national.md) | -0.9% | -3.2% |
| BRENT | 2023-04-04 | [OPEC+ in driver's seat as oil supply growth lags demand](https://feedsoft.ai/events/36327-opec-in-driver-s-seat-as-oil-supply-growth-lags-demand.md) | +1.3% | -11.0% |
| WTI | 2025-02-03 | [OPEC+ Sticks to Oil Supply Plan Even as Trump Seeks Price Cut - Bloomberg](https://feedsoft.ai/events/25944-opec-sticks-to-oil-supply-plan-even-as-trump-seeks-price-cut-bloomberg.md) | -2.1% | -5.8% |
| WTI | 2018-12-07 | [OPEC and Allies, Defying Trump, Agree to Cut Oil Output to Prop Up Prices](https://feedsoft.ai/events/10624-opec-and-allies-defying-trump-agree-to-cut-oil-output-to-prop-up-prices.md) | +2.2% | -6.2% |
| WTI | 2019-01-03 | [Oil rises in choppy trade as OPEC supply cuts vie with demand worry](https://feedsoft.ai/events/10830-oil-rises-in-choppy-trade-as-opec-supply-cuts-vie-with-demand-worry.md) | +12.6% | +16.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/opec-kicks-can-again-trump-is-added-demand-dilemma-russell-2024-12-05/

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