# No changes to oil production policy expected at OPEC+ meeting

> OPEC+ delegates say the group will make no changes to oil production policy at next week's monitoring meeting. Saudi Arabia and its allies only started new cutbacks this month and need time to assess them, and Brent traded near $80 a barrel.

- Date: 2024-01-29 · published 2024-01-29T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/32041-no-changes-to-oil-production-policy-expected-at-opec-meeting
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

No policy change keeps the new 900,000 bpd cuts in place, which supports crude prices and raises diesel and energy costs for feed mills.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| BRENT | 2024-10-02 | [OPEC+ Makes No Changes to Plans for Reviving Oil Production \| Financial Post](https://feedsoft.ai/events/27769-opec-makes-no-changes-to-plans-for-reviving-oil-production-financial-post.md) | +4.4% | -4.5% |
| BRENT | 2024-04-02 | [OPEC+ unlikely to change output policy at panel meeting](https://feedsoft.ai/events/30643-opec-unlikely-to-change-output-policy-at-panel-meeting.md) | +4.9% | +1.9% |
| 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 | 2023-02-01 | [OPEC+ committee recommends no change in oil output policy at virtual meeting](https://feedsoft.ai/events/37215-opec-committee-recommends-no-change-in-oil-output-policy-at-virtual-meeting.md) | -0.8% | -0.5% |
| WTI | 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) | +0.9% | -8.8% |
| WTI | 2024-10-02 | [OPEC+ Makes No Changes to Plans for Reviving Oil Production \| Financial Post](https://feedsoft.ai/events/27769-opec-makes-no-changes-to-plans-for-reviving-oil-production-financial-post.md) | +5.4% | -4.0% |
| WTI | 2024-04-02 | [OPEC+ unlikely to change output policy at panel meeting](https://feedsoft.ai/events/30643-opec-unlikely-to-change-output-policy-at-panel-meeting.md) | +3.2% | -0.7% |

## Sources

- sweetcrudereports.com: https://sweetcrudereports.com/no-changes-to-oil-production-policy-expected-at-opec-meeting/

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