# OPEC+ Set To Keep Oil Production Unchanged | OilPrice.com

> OPEC+ is expected to recommend keeping oil production unchanged at its February 1 JMMC meeting, according to delegates. The group's 2 million bpd target cut from November is estimated to have reduced actual output by only about 1 million bpd, and Chinese demand and Russian supply remain uncertain.

- Date: 2023-01-24 · published 2023-01-24T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/37688-opec-set-to-keep-oil-production-unchanged-oilprice-com
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expected stable OPEC+ output amid a China demand rebound points to firm crude prices, raising energy and transport costs for feed buyers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2023-02-01 | [OPEC+ expected to keep oil production levels unchanged amidst global demand recovery](https://feedsoft.ai/events/37690-opec-expected-to-keep-oil-production-levels-unchanged-amidst-global-demand.md) | -0.8% | -0.5% |
| BRENT | 2026-01-26 | [OPEC+ set to keep oil production pause for March as prices jump, sources say \| Reuters](https://feedsoft.ai/events/20969-opec-set-to-keep-oil-production-pause-for-march-as-prices-jump-sources-say.md) | +6.6% | +7.8% |
| BRENT | 2020-04-12 | [Oil News: OPEC+ Deal to Cut Production Reached, Price War Ends - Bloomberg](https://feedsoft.ai/events/53541-oil-news-opec-deal-to-cut-production-reached-price-war-ends-bloomberg.md) | -6.7% | +8.6% |
| BRENT | 2026-09-06 | [OPEC+ keeps oil output policy unchanged for October](https://feedsoft.ai/events/17378-opec-keeps-oil-output-policy-unchanged-for-october.md) | +12.0% | +18.6% |
| BRENT | 2020-06-08 | [Oil prices top $40 as OPEC+ extends production cuts \| Fox Business](https://feedsoft.ai/events/52796-oil-prices-top-40-as-opec-extends-production-cuts-fox-business.md) | -7.2% | +3.3% |
| WTI | 2023-02-01 | [OPEC+ expected to keep oil production levels unchanged amidst global demand recovery](https://feedsoft.ai/events/37690-opec-expected-to-keep-oil-production-levels-unchanged-amidst-global-demand.md) | -2.2% | -1.7% |
| WTI | 2026-01-26 | [OPEC+ set to keep oil production pause for March as prices jump, sources say \| Reuters](https://feedsoft.ai/events/20969-opec-set-to-keep-oil-production-pause-for-march-as-prices-jump-sources-say.md) | +6.4% | +9.1% |
| WTI | 2020-04-12 | [Oil News: OPEC+ Deal to Cut Production Reached, Price War Ends - Bloomberg](https://feedsoft.ai/events/53541-oil-news-opec-deal-to-cut-production-reached-price-war-ends-bloomberg.md) | -19.9% | +5.3% |

## Sources

- oilprice.com: https://oilprice.com/Latest-Energy-News/World-News/OPEC-Set-To-Keep-Oil-Production-Unchanged.html

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