# OPEC+ Leaves Oil Production Levels Unchanged | OilPrice.com

> OPEC+ ended a brief meeting on October 4 without changing its oil production policy, hours after Saudi Arabia and Russia said they would keep their voluntary cuts through year end. The committee said it would stand ready to take additional measures at any time, and its next meeting is set for November 26.

- Date: 2023-10-04 · published 2023-10-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/33525-opec-leaves-oil-production-levels-unchanged-oilprice-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

No change to policy keeps crude supply restricted, which supports energy and transport costs for feed buyers. The next review in late November will determine whether the cuts are deepened or eased.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 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% | +3.6% |
| 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 | 2019-08-16 | [OPEC Oil Production Continues To Slide As Saudis Cut Deeper \| OilPrice.com](https://feedsoft.ai/events/57504-opec-oil-production-continues-to-slide-as-saudis-cut-deeper-oilprice-com.md) | +1.5% | +1.1% |
| WTI | 2024-04-04 | [OPEC+ keeps current oil production cut policy unchanged  – Middle East Monitor](https://feedsoft.ai/events/30647-opec-keeps-current-oil-production-cut-policy-unchanged-middle-east-monitor.md) | +0.9% | -6.8% |
| WTI | 2022-10-01 | [OPEC Raises Oil Production To Highest Level In Years](https://feedsoft.ai/events/39753-opec-raises-oil-production-to-highest-level-in-years.md) | +16.5% | +10.2% |
| 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 | 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 | 2019-08-16 | [OPEC Oil Production Continues To Slide As Saudis Cut Deeper \| OilPrice.com](https://feedsoft.ai/events/57504-opec-oil-production-continues-to-slide-as-saudis-cut-deeper-oilprice-com.md) | +3.6% | +4.8% |

## Sources

- oilprice.com: https://oilprice.com/Latest-Energy-News/World-News/OPEC-Leaves-Oil-Production-Levels-Unchanged.html

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