# OPEC+ To Meet In Early February To Review Production: Report

> OPEC+ plans to hold its Joint Ministerial Monitoring Committee in early February to review production agreements, with no date yet set. The report notes the alliance cut about 2.2 million bpd for the current quarter, and Brent traded near $76 at the start of 2024.

- Date: 2024-01-02 · published 2024-01-02T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/32034-opec-to-meet-in-early-february-to-review-production-report
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The scheduled review keeps the group's output cuts in focus, which supports crude price stability in the near term.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-01-04 | [OPEC+ sticks to existing production policy for February](https://feedsoft.ai/events/43064-opec-sticks-to-existing-production-policy-for-february.md) | +3.3% | +16.7% |
| BRENT | 2026-06-08 | [OPEC 7 Decide to Boost Production in July \| Rigzone](https://feedsoft.ai/events/18719-opec-7-decide-to-boost-production-in-july-rigzone.md) | -7.5% | -26.2% |
| BRENT | 2025-05-28 | [OPEC+ holds oil quotas ahead of July production review](https://feedsoft.ai/events/24603-opec-holds-oil-quotas-ahead-of-july-production-review.md) | +3.7% | +6.1% |
| BRENT | 2023-11-30 | [OPEC+ opts for 'voluntary cuts' in oil production, invites Brazil to join - EFE](https://feedsoft.ai/events/33088-opec-opts-for-voluntary-cuts-in-oil-production-invites-brazil-to-join-efe.md) | -10.5% | -5.2% |
| 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 | 2022-01-04 | [OPEC+ sticks to existing production policy for February](https://feedsoft.ai/events/43064-opec-sticks-to-existing-production-policy-for-february.md) | +2.8% | +16.0% |
| WTI | 2026-06-08 | [OPEC 7 Decide to Boost Production in July \| Rigzone](https://feedsoft.ai/events/18719-opec-7-decide-to-boost-production-in-july-rigzone.md) | -6.1% | -25.6% |
| WTI | 2025-05-28 | [OPEC+ holds oil quotas ahead of July production review](https://feedsoft.ai/events/24603-opec-holds-oil-quotas-ahead-of-july-production-review.md) | +4.1% | +6.9% |

## Sources

- forbesmiddleeast.com: https://www.forbesmiddleeast.com/industry/energy/opec-to-hold-monitoring-meeting-in-february-to-assess-implementation-of-production-agreements-report

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