# OPEC+ keeps current oil production cut policy unchanged  – Middle East Monitor

> OPEC+ said on April 3 that it would keep its current oil production cut policy unchanged. The group noted high compliance from members and welcomed commitments from Iraq and Kazakhstan, and the next meeting is set for June 1.

- Date: 2024-04-04 · published 2024-04-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/30647-opec-keeps-current-oil-production-cut-policy-unchanged-middle-east-monitor
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Maintaining the cuts supports crude prices by keeping supply restrained through the second quarter. Energy costs tied to crude affect biofuel margins and farm input costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| BRENT | 2026-10-04 | [OPEC+ Keeps November Oil Production Unchanged As Crude Prices Hold September Gains](https://feedsoft.ai/events/17215-opec-keeps-november-oil-production-unchanged-as-crude-prices-hold-september.md) | -0.9% | +2.2% |
| BRENT | 2023-10-04 | [OPEC+ Leaves Oil Production Levels Unchanged \| OilPrice.com](https://feedsoft.ai/events/33525-opec-leaves-oil-production-levels-unchanged-oilprice-com.md) | -3.8% | -6.0% |
| BRENT | 2024-02-01 | [OPEC+ leaves oil production levels unchanged, to review production cut extension in March](https://feedsoft.ai/events/31563-opec-leaves-oil-production-levels-unchanged-to-review-production-cut-extension.md) | -2.6% | +1.9% |
| BRENT | 2022-11-30 | [Crude Oil Prices Rise On Concerns OPEC+ Could Keep Oil Output Policy Unchanged](https://feedsoft.ai/events/38850-crude-oil-prices-rise-on-concerns-opec-could-keep-oil-output-policy-unchanged.md) | -4.2% | -0.8% |
| WTI | 2026-10-01 | [OPEC+ keeps output policy unchanged for October](https://feedsoft.ai/events/17381-opec-keeps-output-policy-unchanged-for-october.md) | -2.3% | +8.7% |
| WTI | 2026-10-04 | [OPEC+ Keeps November Oil Production Unchanged As Crude Prices Hold September Gains](https://feedsoft.ai/events/17215-opec-keeps-november-oil-production-unchanged-as-crude-prices-hold-september.md) | +0.8% | +8.4% |
| WTI | 2023-10-04 | [OPEC+ Leaves Oil Production Levels Unchanged \| OilPrice.com](https://feedsoft.ai/events/33525-opec-leaves-oil-production-levels-unchanged-oilprice-com.md) | -3.7% | -8.8% |

## Sources

- middleeastmonitor.com: https://www.middleeastmonitor.com/20240404-opec-keeps-current-oil-production-cut-policy-unchanged/

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