# OPEC+ ministers keep oil output policy steady | Arab News

> OPEC+ ministers kept oil output policy unchanged at the 53rd Joint Ministerial Monitoring Committee meeting held by videoconference on April 3. The group reviewed January and February 2024 production data, and Brent traded above $89 a barrel, its highest since late October 2023.

- Date: 2024-04-03 · published 2024-04-03T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/30645-opec-ministers-keep-oil-output-policy-steady-arab-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The unchanged policy keeps voluntary cuts of 2.2 million barrels per day in place through June, supporting crude prices. Higher oil costs add to energy and transport expenses across the feed supply chain.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-04-03 | [OPEC+ keeps output policy steady as oil nears $90 a barrel](https://feedsoft.ai/events/30641-opec-keeps-output-policy-steady-as-oil-nears-90-a-barrel.md) | +2.8% | -0.3% |
| BRENT | 2024-04-03 | [OPEC+ Keeps Oil Output Steady As Crude Prices Soar](https://feedsoft.ai/events/30646-opec-keeps-oil-output-steady-as-crude-prices-soar.md) | +2.8% | -0.3% |
| BRENT | 2026-09-06 | [OPEC, Allies Agree to Keep Oil Output Steady in October - WSJ](https://feedsoft.ai/events/17380-opec-allies-agree-to-keep-oil-output-steady-in-october-wsj.md) | +12.0% | +18.6% |
| BRENT | 2021-03-04 | [OPEC And Allies Keep Oil Production Steady : NPR](https://feedsoft.ai/events/48040-opec-and-allies-keep-oil-production-steady-npr.md) | +5.2% | -1.3% |
| BRENT | 2026-10-01 | [OPEC+ keeps output policy unchanged for October](https://feedsoft.ai/events/17381-opec-keeps-output-policy-unchanged-for-october.md) | +2.6% | +8.8% |
| WTI | 2024-04-03 | [OPEC+ keeps output policy steady as oil nears $90 a barrel](https://feedsoft.ai/events/30641-opec-keeps-output-policy-steady-as-oil-nears-90-a-barrel.md) | +0.1% | -3.2% |
| WTI | 2024-04-03 | [OPEC+ Keeps Oil Output Steady As Crude Prices Soar](https://feedsoft.ai/events/30646-opec-keeps-oil-output-steady-as-crude-prices-soar.md) | +0.1% | -3.2% |
| WTI | 2026-09-06 | [OPEC, Allies Agree to Keep Oil Output Steady in October - WSJ](https://feedsoft.ai/events/17380-opec-allies-agree-to-keep-oil-output-steady-in-october-wsj.md) | +9.3% | +3.6% |

## Sources

- arabnews.com: https://www.arabnews.com/node/2487476/%7B%7B

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