What goes into OPEC’s decision-making?

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.

• Mar 16, 2023OPEC to wait for calmer financial markets before making oil production cut decision+3.2%
• Jan 5, 2026OPEC 8 Reaffirm Decision to Pause Production Hikes | Rigzone+4.7%
• Dec 3, 2020Here’s What OPEC And Its Allies Agreed Upon On Oil Production+1.7%
• Jul 25, 2024What Is Likely to Happen at Next OPEC Meeting? | Rigzone-1.6%
• Feb 5, 2025MEED | Opec+ decides to adhere to oil production policy+1.2%

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.

• Mar 16, 2023OPEC to wait for calmer financial markets before making oil production cut decision+4.9%
• Jan 5, 2026OPEC 8 Reaffirm Decision to Pause Production Hikes | Rigzone+3.1%
• Dec 3, 2020Here’s What OPEC And Its Allies Agreed Upon On Oil Production+0.5%
• Jul 25, 2024What Is Likely to Happen at Next OPEC Meeting? | Rigzone+0.6%
• Feb 5, 2025MEED | Opec+ decides to adhere to oil production policy+0.9%