OPEC+ Makes No Changes to Plans for Reviving Oil Production

After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.

• Jan 29, 2024No changes to oil production policy expected at OPEC+ meeting-7.3%
• Mar 16, 2023OPEC to wait for calmer financial markets before making oil production cut decision+4.9%
• Oct 5, 2026OPEC 7 Reveal Production Plan for November+0.8%
• Jan 4, 2022OPEC+ sticks to existing production policy for February+2.8%
• Feb 5, 2025MEED | Opec+ decides to adhere to oil production policy+0.9%

After 175 past neutral policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.

• Jan 29, 2024No changes to oil production policy expected at OPEC+ meeting-6.0%
• Mar 16, 2023OPEC to wait for calmer financial markets before making oil production cut decision+3.2%
• Oct 5, 2026OPEC 7 Reveal Production Plan for November-0.9%
• Jan 4, 2022OPEC+ sticks to existing production policy for February+3.3%
• Feb 5, 2025MEED | Opec+ decides to adhere to oil production policy+1.2%