# OPEC+ monitoring committee to meet Aug 3 to review oil output cuts: delegates | S&P Global

> The OPEC+ Joint Ministerial Monitoring Committee will meet virtually on August 3 to assess the impact of production cuts. The group has implemented about 4.7 million b/d of cuts since October, and Dated Brent was near $80 a barrel.

- Date: 2023-07-14 · published 2023-07-14T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/34942-opec-monitoring-committee-to-meet-aug-3-to-review-oil-output-cuts-delegates-s
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The committee can recommend policy changes or call emergency meetings, so its review signals possible changes to supply that could move crude prices.

## Read by commodity

- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-02-02 | [OPEC+ calm ahead of committee meeting as oil prices rise, but tough decisions loom \| S&P Global](https://feedsoft.ai/events/48555-opec-calm-ahead-of-committee-meeting-as-oil-prices-rise-but-tough-decisions.md) | +7.1% | +13.7% |
| 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% |
| BRENT | 2025-01-29 | [Kazakhstan to decide on oil output cuts after OPEC+ meeting \| Reuters](https://feedsoft.ai/events/26426-kazakhstan-to-decide-on-oil-output-cuts-after-opec-meeting-reuters.md) | -1.7% | -6.0% |
| BRENT | 2020-10-19 | [Oil ends lower even as OPEC+ committee reiterates output-cut pledge - MarketWatch](https://feedsoft.ai/events/50800-oil-ends-lower-even-as-opec-committee-reiterates-output-cut-pledge-marketwatch.md) | -2.1% | +0.0% |
| BRENT | 2024-02-01 | [Opec+ committee meeting keeps oil output policy unchanged - The Business Times](https://feedsoft.ai/events/31568-opec-committee-meeting-keeps-oil-output-policy-unchanged-the-business-times.md) | -2.6% | +1.9% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/071423-opec-monitoring-committee-to-meet-aug-3-to-review-oil-output-cuts-delegates

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