# OPEC’s Crude Oil Output Steady in December Before New Supply Cuts - Bloomberg

> A Bloomberg survey found OPEC pumped an average of 28.05 million bpd in December, with cuts by the UAE and Angola offset by gains in Nigeria. Output held steady as the group kept its earlier supply restraints.

- Date: 2024-01-03 · published 2024-01-03T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/32039-opec-s-crude-oil-output-steady-in-december-before-new-supply-cuts-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Stable OPEC output in December means no added supply pressure on crude prices heading into the new cuts.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-12-11 | [OPEC Keeps 2026 Oil Supply, Demand Outlook Steady in Latest Report - Bloomberg](https://feedsoft.ai/events/21426-opec-keeps-2026-oil-supply-demand-outlook-steady-in-latest-report-bloomberg.md) | -4.0% | +2.5% |
| BRENT | 2022-11-01 | [OPEC Oil Production Steady Last Month After Group Pledged Symbolic Cut - Bloomberg](https://feedsoft.ai/events/38588-opec-oil-production-steady-last-month-after-group-pledged-symbolic-cut-bloomberg.md) | +5.1% | -11.4% |
| BRENT | 2018-01-03 | [OPEC Holds Production Steady as Compliance Exceeds Promised Cuts - Bloomberg](https://feedsoft.ai/events/66897-opec-holds-production-steady-as-compliance-exceeds-promised-cuts-bloomberg.md) | +3.5% | +2.7% |
| BRENT | 2017-08-10 | [OPEC Boosts Oil-Demand Outlook While Its Production Rises - Bloomberg](https://feedsoft.ai/events/69362-opec-boosts-oil-demand-outlook-while-its-production-rises-bloomberg.md) | -4.0% | +3.6% |
| BRENT | 2025-12-11 | [OPEC data indicate close oil supply-demand balance in 2026, no glut \| Reuters](https://feedsoft.ai/events/21425-opec-data-indicate-close-oil-supply-demand-balance-in-2026-no-glut-reuters.md) | -4.0% | +2.5% |
| WTI | 2021-08-31 | [OPEC+ Sees 2021 Oil Deficit, 2022 Surplus as Supply Revived - Bloomberg](https://feedsoft.ai/events/45472-opec-sees-2021-oil-deficit-2022-surplus-as-supply-revived-bloomberg.md) | -1.2% | +8.9% |
| WTI | 2017-08-10 | [OPEC Boosts Oil-Demand Outlook While Its Production Rises - Bloomberg](https://feedsoft.ai/events/69362-opec-boosts-oil-demand-outlook-while-its-production-rises-bloomberg.md) | -5.6% | -1.0% |
| WTI | 2025-12-11 | [OPEC data indicate close oil supply-demand balance in 2026, no glut \| Reuters](https://feedsoft.ai/events/21425-opec-data-indicate-close-oil-supply-demand-balance-in-2026-no-glut-reuters.md) | -4.4% | +0.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-01-03/opec-crude-oil-output-steady-before-start-of-new-production-cutbacks

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