# OPEC+ likely to maintain oil output at meeting, in gesture to US - AL-MONITOR: The Middle Eastʼs leading independent news source since 2012

> Analysts expect OPEC+ to maintain oil output at its virtual February 1 meeting, partly to appease the United States. The article notes Saudi and Russian leaders discussed market stability and that global oil demand is estimated to hit a record in 2023.

- Date: 2023-01-31 · published 2023-01-31T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/37691-opec-likely-to-maintain-oil-output-at-meeting-in-gesture-to-us-al-monitor-the
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expected output stability alongside record projected demand supports firm crude prices and higher energy input costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-02-27 | [OPEC+ to consider extending voluntary oil output cuts, sources say](https://feedsoft.ai/events/31834-opec-to-consider-extending-voluntary-oil-output-cuts-sources-say.md) | +1.7% | +3.8% |
| BRENT | 2019-10-01 | [OPEC oil output sinks to lowest since 2011 after Saudi attacks: Reuters survey](https://feedsoft.ai/events/56738-opec-oil-output-sinks-to-lowest-since-2011-after-saudi-attacks-reuters-survey.md) | -3.3% | +0.2% |
| BRENT | 2026-09-07 | [Opec+ holds oil output steady as prices continue to rise amid Middle East escalation \| Upstream](https://feedsoft.ai/events/17384-opec-holds-oil-output-steady-as-prices-continue-to-rise-amid-middle-east.md) | +12.0% | +18.6% |
| BRENT | 2019-03-04 | [OPEC will likely balance the oil market by next month: Goldman Sachs](https://feedsoft.ai/events/60282-opec-will-likely-balance-the-oil-market-by-next-month-goldman-sachs.md) | +2.0% | +5.9% |
| BRENT | 2019-01-03 | [OPEC oil output posts biggest drop since 2017 on Saudi move](https://feedsoft.ai/events/60996-opec-oil-output-posts-biggest-drop-since-2017-on-saudi-move.md) | +10.9% | +13.4% |
| WTI | 2024-02-27 | [OPEC+ to consider extending voluntary oil output cuts, sources say](https://feedsoft.ai/events/31834-opec-to-consider-extending-voluntary-oil-output-cuts-sources-say.md) | +1.5% | +5.2% |
| WTI | 2019-10-01 | [OPEC oil output sinks to lowest since 2011 after Saudi attacks: Reuters survey](https://feedsoft.ai/events/56738-opec-oil-output-sinks-to-lowest-since-2011-after-saudi-attacks-reuters-survey.md) | -2.5% | +2.9% |
| WTI | 2026-09-07 | [Opec+ holds oil output steady as prices continue to rise amid Middle East escalation \| Upstream](https://feedsoft.ai/events/17384-opec-holds-oil-output-steady-as-prices-continue-to-rise-amid-middle-east.md) | +9.3% | +3.6% |

## Sources

- al-monitor.com: https://www.al-monitor.com/index%2Ephp/originals/2023/01/opec-likely-maintain-oil-output-meeting-gesture-us

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