# What goes into OPEC’s decision-making?

> An explainer describes how OPEC+ sets crude production limits, weighing price, member compliance, non-OPEC output and interest rates. It notes the group is expected to decide on voluntary cuts of about 2 million bpd at its Sunday meeting.

- Date: 2024-05-31 · published 2024-05-31T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/30160-what-goes-into-opec-s-decision-making
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

It gives background on the drivers behind the upcoming supply decision but adds no new information on the outcome, so price impact is limited.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2023-03-16 | [OPEC to wait for calmer financial markets before making oil production cut decision](https://feedsoft.ai/events/36771-opec-to-wait-for-calmer-financial-markets-before-making-oil-production-cut.md) | +3.2% | +16.6% |
| BRENT | 2026-01-05 | [OPEC 8 Reaffirm Decision to Pause Production Hikes \| Rigzone](https://feedsoft.ai/events/20972-opec-8-reaffirm-decision-to-pause-production-hikes-rigzone.md) | +4.7% | +16.5% |
| BRENT | 2020-12-03 | [Here’s What OPEC And Its Allies Agreed Upon On Oil Production](https://feedsoft.ai/events/49560-here-s-what-opec-and-its-allies-agreed-upon-on-oil-production.md) | +1.7% | +7.3% |
| BRENT | 2024-07-25 | [What Is Likely to Happen at Next OPEC Meeting? \| Rigzone](https://feedsoft.ai/events/29161-what-is-likely-to-happen-at-next-opec-meeting-rigzone.md) | -1.6% | -6.0% |
| BRENT | 2025-02-05 | [MEED \| Opec+ decides to adhere to oil production policy](https://feedsoft.ai/events/25947-meed-opec-decides-to-adhere-to-oil-production-policy.md) | +1.2% | -6.2% |
| WTI | 2023-03-16 | [OPEC to wait for calmer financial markets before making oil production cut decision](https://feedsoft.ai/events/36771-opec-to-wait-for-calmer-financial-markets-before-making-oil-production-cut.md) | +4.9% | +21.8% |
| WTI | 2026-01-05 | [OPEC 8 Reaffirm Decision to Pause Production Hikes \| Rigzone](https://feedsoft.ai/events/20972-opec-8-reaffirm-decision-to-pause-production-hikes-rigzone.md) | +3.1% | +7.9% |
| WTI | 2020-12-03 | [Here’s What OPEC And Its Allies Agreed Upon On Oil Production](https://feedsoft.ai/events/49560-here-s-what-opec-and-its-allies-agreed-upon-on-oil-production.md) | +0.5% | +7.0% |

## Sources

- marketplace.org: https://www.marketplace.org/story/2024/05/31/what-goes-into-opecs-decision-making

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