# OPEC+ extend production quotas for all of 2026, voluntary adjustments until end of Q1 2025; compensation schedule not ready

> OPEC+ ministers approved extending oil production quotas for 2025 throughout 2026, with the UAE's 300,000 bpd quota increase moved to April 2025 through September 2026. The Great Eight voluntary cuts of 1.65 million bpd will run until end-2026, and the 2.2 million bpd voluntary cut will be phased out monthly from April 2025 to September 2026. Compensation schedules for overproduction were extended to June 2026.

- Date: 2024-12-05 · published 2024-12-05T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/26876-opec-extend-production-quotas-for-all-of-2026-voluntary-adjustments-until-end
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Extended quotas and phased voluntary cuts keep supply constrained, supporting crude prices that feed into energy and transport costs. The phase-out timing sets the pace at which supply returns to the market.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-01-18 | [OPEC reveals new voluntary production adjustments TABLE](https://feedsoft.ai/events/60998-opec-reveals-new-voluntary-production-adjustments-table.md) | +1.0% | +6.2% |
| BRENT | 2020-02-16 | [Coronavirus: OPEC's JTC Recommends Extending Production Adjustments To End 2020 \| Energy News Africa](https://feedsoft.ai/events/54532-coronavirus-opec-s-jtc-recommends-extending-production-adjustments-to-end-2020.md) | +2.1% | -42.4% |
| BRENT | 2020-09-17 | [OPEC+ JMMC agrees to extend compensation period for overproduction till year-end – Reuters — Octa](https://feedsoft.ai/events/51055-opec-jmmc-agrees-to-extend-compensation-period-for-overproduction-till-year-end.md) | -0.7% | +2.0% |
| BRENT | 2023-06-04 | [Opec+ members agree to extend voluntary oil output cuts until end of 2024 \| The National](https://feedsoft.ai/events/35397-opec-members-agree-to-extend-voluntary-oil-output-cuts-until-end-of-2024-the.md) | -1.7% | -1.8% |
| BRENT | 2023-08-04 | [OPEC+ Sticks To Oil Output Policy As Saudi Extends Voluntary Production Cut](https://feedsoft.ai/events/34492-opec-sticks-to-oil-output-policy-as-saudi-extends-voluntary-production-cut.md) | +1.5% | +1.6% |
| WTI | 2019-01-18 | [OPEC reveals new voluntary production adjustments TABLE](https://feedsoft.ai/events/60998-opec-reveals-new-voluntary-production-adjustments-table.md) | +2.1% | +4.8% |
| WTI | 2020-02-16 | [Coronavirus: OPEC's JTC Recommends Extending Production Adjustments To End 2020 \| Energy News Africa](https://feedsoft.ai/events/54532-coronavirus-opec-s-jtc-recommends-extending-production-adjustments-to-end-2020.md) | -1.3% | -44.5% |
| WTI | 2020-09-17 | [OPEC+ JMMC agrees to extend compensation period for overproduction till year-end – Reuters — Octa](https://feedsoft.ai/events/51055-opec-jmmc-agrees-to-extend-compensation-period-for-overproduction-till-year-end.md) | -0.6% | +1.9% |

## Sources

- interfax.com: https://www.interfax.com/newsroom/top-stories/108331/

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