# OPEC+ Panel Unlikely to Tweak Oil Policy at Wednesday Meeting - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> OPEC+ ministers meet on October 4 in an online Joint Ministerial Monitoring Committee session. Four OPEC+ sources told Reuters the panel is unlikely to change its current output policy. Brent has climbed toward $100 a barrel, its highest since 2022.

- Date: 2023-09-30 · published 2023-09-30T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/34013-opec-panel-unlikely-to-tweak-oil-policy-at-wednesday-meeting-energy-news-top
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A policy hold keeps the current supply restraint in place while demand is firm, which supports crude and diesel costs for feed transport and grain handling. Higher crude also tends to lift vegetable oil and ethanol-linked prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-06-22 | [Oil jumps as OPEC agrees to modest output hikes - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/11572-oil-jumps-as-opec-agrees-to-modest-output-hikes-energy-news-top-headlines.md) | +5.6% | -1.0% |
| BRENT | 2024-02-01 | [OPEC+ to Review Oil Cut Extension in March, Ministers Leave Policy Unchanged - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/31567-opec-to-review-oil-cut-extension-in-march-ministers-leave-policy-unchanged.md) | -2.6% | +1.9% |
| BRENT | 2019-09-09 | [Oil Rises as New Saudi Minister Signals OPEC+ Cuts to Continue - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/57248-oil-rises-as-new-saudi-minister-signals-opec-cuts-to-continue-energy-news-top.md) | -1.1% | -4.3% |
| BRENT | 2023-03-22 | [OPEC+ likely to stick to its guns despite price slump, delegates say - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/37048-opec-likely-to-stick-to-its-guns-despite-price-slump-delegates-say-energy-news.md) | +4.4% | +12.2% |
| BRENT | 2018-04-12 | [OPEC Switches Operational Target from Inventories to Investment: Kemp - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/65430-opec-switches-operational-target-from-inventories-to-investment-kemp-energy.md) | +1.7% | +6.9% |
| WTI | 2018-06-22 | [Oil jumps as OPEC agrees to modest output hikes - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/11572-oil-jumps-as-opec-agrees-to-modest-output-hikes-energy-news-top-headlines.md) | +11.9% | +7.2% |
| WTI | 2024-02-01 | [OPEC+ to Review Oil Cut Extension in March, Ministers Leave Policy Unchanged - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/31567-opec-to-review-oil-cut-extension-in-march-ministers-leave-policy-unchanged.md) | -2.6% | +3.6% |
| WTI | 2019-09-09 | [Oil Rises as New Saudi Minister Signals OPEC+ Cuts to Continue - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/57248-oil-rises-as-new-saudi-minister-signals-opec-cuts-to-continue-energy-news-top.md) | -3.0% | -6.5% |

## Sources

- energynow.com: https://energynow.com/2023/09/opec-panel-unlikely-to-tweak-oil-policy-at-wednesday-meeting/

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