# Skepticism and Confusion: What Analysts Say About the OPEC+ Cuts - Bloomberg

> Market analysts expressed skepticism about the effectiveness of additional OPEC+ oil output cuts that take effect in January. The doubt centers on the voluntary nature of the curbs and related uncertainty about how far they will support crude prices.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/32907-skepticism-and-confusion-what-analysts-say-about-the-opec-cuts-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Uncertainty over whether OPEC+ cuts will hold leaves crude prices without a clear direction, which affects energy costs for feed production and transport. The commentary signals limited near-term support for oil.

## Read by commodity

- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-02-16 | [OPEC Considers Moving the Goalposts - Here's Where They Might Go - Bloomberg](https://feedsoft.ai/events/66424-opec-considers-moving-the-goalposts-here-s-where-they-might-go-bloomberg.md) | +4.2% | +1.3% |
| BRENT | 2023-11-30 | [OPEC+ Production Cuts Fail to Convince Oil Traders Amid Lack of Detail - Bloomberg](https://feedsoft.ai/events/33085-opec-production-cuts-fail-to-convince-oil-traders-amid-lack-of-detail-bloomberg.md) | -10.5% | -5.2% |
| BRENT | 2022-10-31 | [OPEC Says Supply Surplus Was Main Reason for Oil Production Cut - Bloomberg](https://feedsoft.ai/events/39056-opec-says-supply-surplus-was-main-reason-for-oil-production-cut-bloomberg.md) | +4.0% | -12.3% |
| BRENT | 2024-01-26 | [OPEC+ Doesn’t Plan Any Changes to Oil-Output Policy Next Week, Delegates Say - Bloomberg](https://feedsoft.ai/events/32026-opec-doesn-t-plan-any-changes-to-oil-output-policy-next-week-delegates-say.md) | -2.4% | +2.9% |
| BRENT | 2017-08-02 | [OPEC, Saudi Arabia, and Sanctions Update: Connecting the Dots](https://feedsoft.ai/events/69363-opec-saudi-arabia-and-sanctions-update-connecting-the-dots.md) | +0.9% | +0.2% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-12-01/skepticism-and-confusion-what-analysts-say-about-the-opec-cuts

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