# OPEC+ panel sticks to output policy, doubles down on compliance

> OPEC+ kept its existing output policy after its monitoring meeting, with the group still cutting about 5.86 million bpd. It plans a 180,000 bpd increase in December, which was delayed from October after prices slid.

- Date: 2024-10-02 · published 2024-10-02T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/27767-opec-panel-sticks-to-output-policy-doubles-down-on-compliance
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The unchanged schedule leaves a planned supply increase in place, which is a modest bearish factor for crude that feeds through to diesel and energy costs.

## Read by commodity

- WTI: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-07-28 | [OPEC+ panel stresses need for full compliance with output limits](https://feedsoft.ai/events/23676-opec-panel-stresses-need-for-full-compliance-with-output-limits.md) | +3.1% | -3.1% |
| WTI | 2024-04-02 | [OPEC+ unlikely to change output policy at panel meeting](https://feedsoft.ai/events/30643-opec-unlikely-to-change-output-policy-at-panel-meeting.md) | +3.2% | -0.7% |
| WTI | 2024-07-30 | [OPEC+ likely to stick to output policy at Aug 1 JMMC meeting](https://feedsoft.ai/events/29158-opec-likely-to-stick-to-output-policy-at-aug-1-jmmc-meeting.md) | -3.7% | +1.7% |
| 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 | 2025-02-03 | [OPEC+ sticks to oil policy, ditches US government data](https://feedsoft.ai/events/25942-opec-sticks-to-oil-policy-ditches-us-government-data.md) | -2.1% | -5.8% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-set-keep-output-policy-unchanged-panel-meeting-2024-10-02/

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