# OIES Podcast - Unpacking OPEC+ Multilayer Decision - Oxford Institute for Energy Studies

> An Oxford Institute for Energy Studies podcast discusses OPEC+'s multilayer decision, including a new deal running January to December 2024 and voluntary cuts extended from 2023. It also covers the first revisit of baselines and quotas since April 2020 and independent capacity assessments due by June 2024.

- Date: 2023-06-14 · published 2023-06-14T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/35402-oies-podcast-unpacking-opec-multilayer-decision-oxford-institute-for-energy
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The analysis explains that clearer 2024 output rules may reduce market uncertainty, which supports crude prices. It is background commentary rather than a new supply change.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-05-26 | [OPEC decision stabilizes oil prices, but for how long? \| CBC News](https://feedsoft.ai/events/70934-opec-decision-stabilizes-oil-prices-but-for-how-long-cbc-news.md) | -2.1% | -11.9% |
| WTI | 2021-01-06 | [Fitch assesses OPEC + decision for oil market \| Report.az](https://feedsoft.ai/events/49059-fitch-assesses-opec-decision-for-oil-market-report-az.md) | +6.6% | +11.7% |
| WTI | 2023-03-14 | [OPEC+ to stick to production cut, Saudi minister tells Energy Intelligence](https://feedsoft.ai/events/36768-opec-to-stick-to-production-cut-saudi-minister-tells-energy-intelligence.md) | -9.5% | +9.1% |
| WTI | 2019-03-04 | [OPEC likely to defer output policy decision until June: sources](https://feedsoft.ai/events/60019-opec-likely-to-defer-output-policy-decision-until-june-sources.md) | +0.2% | +7.9% |
| WTI | 2025-12-01 | [OPEC+ ministers, eight OPEC+ countries confirm earlier decisions on production for Q1 2026](https://feedsoft.ai/events/21424-opec-ministers-eight-opec-countries-confirm-earlier-decisions-on-production-for.md) | +2.7% | -1.1% |
| BRENT | 2017-05-26 | [OPEC decision stabilizes oil prices, but for how long? \| CBC News](https://feedsoft.ai/events/70934-opec-decision-stabilizes-oil-prices-but-for-how-long-cbc-news.md) | -2.9% | -13.5% |
| BRENT | 2021-10-05 | [OPEC+ maintains its production policy for November – EnergyScan](https://feedsoft.ai/events/44448-opec-maintains-its-production-policy-for-november-energyscan.md) | +2.9% | +4.0% |
| BRENT | 2021-01-06 | [Fitch assesses OPEC + decision for oil market \| Report.az](https://feedsoft.ai/events/49059-fitch-assesses-opec-decision-for-oil-market-report-az.md) | +5.4% | +7.8% |

## Sources

- oxfordenergy.org: https://www.oxfordenergy.org/publications/oies-podcast-unpacking-opec-multilayer-decision/

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