# OPEC+ seen sticking with oil output policy at Feb. 1 meeting - delegates | Reuters

> OPEC+ delegates told Reuters the group is likely to recommend keeping its current oil output policy unchanged at its Feb. 1 meeting. The group agreed in October to cut its production target by 2 million bpd from November through end-2023.

- Date: 2023-01-30 · published 2023-01-30T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/37685-opec-seen-sticking-with-oil-output-policy-at-feb-1-meeting-delegates-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

An unchanged policy keeps the existing cut in place, leaving crude supply tight and supporting energy prices, which feed into diesel and fertilizer costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-07-05 | [OPEC+ abandons oil policy meeting after Saudi-UAE clash \| Reuters](https://feedsoft.ai/events/46224-opec-abandons-oil-policy-meeting-after-saudi-uae-clash-reuters.md) | -0.6% | +0.2% |
| BRENT | 2025-11-02 | [OPEC+ pauses oil output hikes beyond December amid glut fears \| Reuters](https://feedsoft.ai/events/21872-opec-pauses-oil-output-hikes-beyond-december-amid-glut-fears-reuters.md) | -2.4% | -2.5% |
| BRENT | 2024-11-03 | [OPEC+ agrees to delay December output hike for one month \| Reuters](https://feedsoft.ai/events/27301-opec-agrees-to-delay-december-output-hike-for-one-month-reuters.md) | +0.8% | +0.2% |
| BRENT | 2024-01-03 | [OPEC+ promises unity as group plans monitoring meeting \| Reuters](https://feedsoft.ai/events/32311-opec-promises-unity-as-group-plans-monitoring-meeting-reuters.md) | +2.3% | +9.8% |
| BRENT | 2022-03-30 | [OPEC+ sticks to modest oil output rises, ditches IEA data](https://feedsoft.ai/events/42174-opec-sticks-to-modest-oil-output-rises-ditches-iea-data.md) | -4.4% | -6.5% |
| WTI | 2021-07-05 | [OPEC+ abandons oil policy meeting after Saudi-UAE clash \| Reuters](https://feedsoft.ai/events/46224-opec-abandons-oil-policy-meeting-after-saudi-uae-clash-reuters.md) | -1.5% | -5.3% |
| WTI | 2025-11-02 | [OPEC+ pauses oil output hikes beyond December amid glut fears \| Reuters](https://feedsoft.ai/events/21872-opec-pauses-oil-output-hikes-beyond-december-amid-glut-fears-reuters.md) | -2.0% | -3.4% |
| WTI | 2024-11-03 | [OPEC+ agrees to delay December output hike for one month \| Reuters](https://feedsoft.ai/events/27301-opec-agrees-to-delay-december-output-hike-for-one-month-reuters.md) | +1.3% | -2.1% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/delegates-expect-opec-keep-oil-policy-steady-feb-1-jmmc-meeting-2023-01-30/

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