# Putin, MBS Discuss Oil Strategy Ahead Of OPEC+ Meeting | OilPrice.com

> Saudi Crown Prince Mohammed bin Salman and Vladimir Putin discussed oil market stability in a phone call ahead of a virtual OPEC+ ministerial meeting on Wednesday. Delegates told Reuters the meeting was likely to conclude without output policy changes.

- Date: 2023-01-30 · published 2023-01-30T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/37949-putin-mbs-discuss-oil-strategy-ahead-of-opec-meeting-oilprice-com
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

An expected hold on OPEC+ output keeps crude supply steady, leaving prices driven mainly by Chinese demand and Fed policy.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-10-19 | [OPEC Meeting Ends Without Firm Decision On Output Cuts \| OilPrice.com](https://feedsoft.ai/events/50550-opec-meeting-ends-without-firm-decision-on-output-cuts-oilprice-com.md) | -2.1% | +0.0% |
| BRENT | 2024-11-28 | [OPEC+ postpones meeting to decide oil production strategy to Dec. 5: Sources](https://feedsoft.ai/events/27303-opec-postpones-meeting-to-decide-oil-production-strategy-to-dec-5-sources.md) | +0.2% | +0.0% |
| BRENT | 2020-11-30 | [Opec set for annual meeting to discuss next phase of oil production policy \| The National](https://feedsoft.ai/events/50063-opec-set-for-annual-meeting-to-discuss-next-phase-of-oil-production-policy-the.md) | +3.5% | +7.0% |
| BRENT | 2020-01-23 | [Opec+  to discuss all options at March meeting, Saudi energy minister says \| The National](https://feedsoft.ai/events/54973-opec-to-discuss-all-options-at-march-meeting-saudi-energy-minister-says-the.md) | -4.8% | -5.2% |
| BRENT | 2020-11-30 | [OPEC alliance fails to decide on output hike ahead of major meeting – Businessday NG](https://feedsoft.ai/events/50067-opec-alliance-fails-to-decide-on-output-hike-ahead-of-major-meeting-businessday.md) | +3.5% | +7.0% |
| WTI | 2020-10-19 | [OPEC Meeting Ends Without Firm Decision On Output Cuts \| OilPrice.com](https://feedsoft.ai/events/50550-opec-meeting-ends-without-firm-decision-on-output-cuts-oilprice-com.md) | -2.4% | -1.9% |
| WTI | 2024-11-28 | [OPEC+ postpones meeting to decide oil production strategy to Dec. 5: Sources](https://feedsoft.ai/events/27303-opec-postpones-meeting-to-decide-oil-production-strategy-to-dec-5-sources.md) | -0.6% | +3.1% |
| WTI | 2020-11-30 | [Opec set for annual meeting to discuss next phase of oil production policy \| The National](https://feedsoft.ai/events/50063-opec-set-for-annual-meeting-to-discuss-next-phase-of-oil-production-policy-the.md) | +1.5% | +4.3% |

## Sources

- oilprice.com: https://oilprice.com/Latest-Energy-News/World-News/Putin-MBS-Discuss-Oil-Strategy-Ahead-Of-OPEC-Meeting.html

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