# OPEC+ keeps output steady amid uncertainty on China and Russia

> OPEC+ committee recommended keeping crude production steady as the market awaits clarity on China's demand recovery and Russian supply. Brent crude was little changed near $86 a barrel after the status-quo recommendation.

- Date: 2023-02-01 · published 2023-02-01T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/37228-opec-keeps-output-steady-amid-uncertainty-on-china-and-russia
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Steady output with uncertain demand leaves crude prices range-bound, with limited near-term impact on energy costs for feed buyers.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-12-04 | [OPEC keeps oil supply cuts amid uncertainty of Russian sanctions - Los Angeles Times](https://feedsoft.ai/events/38142-opec-keeps-oil-supply-cuts-amid-uncertainty-of-russian-sanctions-los-angeles.md) | -11.4% | -5.6% |
| BRENT | 2026-01-04 | [OPEC+ keeps oil output steady amid turmoil among members \| Reuters](https://feedsoft.ai/events/20967-opec-keeps-oil-output-steady-amid-turmoil-among-members-reuters.md) | +4.7% | +16.5% |
| BRENT | 2026-10-04 | [OPEC+ agrees to keep November oil output targets steady](https://feedsoft.ai/events/17059-opec-agrees-to-keep-november-oil-output-targets-steady.md) | -0.9% | +2.2% |
| BRENT | 2026-10-01 | [OPEC+ agrees to keep November oil output targets steady](https://feedsoft.ai/events/17056-opec-agrees-to-keep-november-oil-output-targets-steady.md) | +2.6% | +8.8% |
| BRENT | 2019-04-21 | [Russia Remains Undecided on OPEC Output Deal \| Egypt Oil & Gas](https://feedsoft.ai/events/59507-russia-remains-undecided-on-opec-output-deal-egypt-oil-and-gas.md) | +0.4% | +2.4% |
| WTI | 2022-12-04 | [OPEC keeps oil supply cuts amid uncertainty of Russian sanctions - Los Angeles Times](https://feedsoft.ai/events/38142-opec-keeps-oil-supply-cuts-amid-uncertainty-of-russian-sanctions-los-angeles.md) | -11.1% | -3.8% |
| WTI | 2026-01-04 | [OPEC+ keeps oil output steady amid turmoil among members \| Reuters](https://feedsoft.ai/events/20967-opec-keeps-oil-output-steady-amid-turmoil-among-members-reuters.md) | +3.1% | +7.9% |
| WTI | 2026-10-04 | [OPEC+ agrees to keep November oil output targets steady](https://feedsoft.ai/events/17059-opec-agrees-to-keep-november-oil-output-targets-steady.md) | +0.8% | +8.4% |

## Sources

- english.alarabiya.net: https://english.alarabiya.net/business/energy/2023/02/01/OPEC-keeps-output-steady-amid-uncertainty-on-China-and-Russia

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