# OPEC Plus opts against cutting production as oil prices fall - The Washington Post

> OPEC+ chose not to cut production on Sunday at a virtual meeting led by Saudi Arabia and Russia, as gasoline prices kept falling. The group kept output steady rather than trying to halt the price slide.

- Date: 2022-12-04 · published 2022-12-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/38138-opec-plus-opts-against-cutting-production-as-oil-prices-fall-the-washington-post
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Holding output flat leaves supply unchanged while demand worries persist, so crude prices may stay under pressure, lowering diesel and energy costs for feed logistics.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-06-03 | [U.S. crude oil falls more than 3% as OPEC+ plans phasing out production cuts](https://feedsoft.ai/events/29656-u-s-crude-oil-falls-more-than-3-as-opec-plans-phasing-out-production-cuts.md) | -1.9% | +8.5% |
| WTI | 2025-04-04 | [Why OPEC+ is accelerating oil production as prices tank, tariffs hit](https://feedsoft.ai/events/25276-why-opec-is-accelerating-oil-production-as-prices-tank-tariffs-hit.md) | -10.2% | -12.0% |
| WTI | 2021-12-02 | [OPEC Plus Maintains Oil Production Plans - The New York Times](https://feedsoft.ai/events/43499-opec-plus-maintains-oil-production-plans-the-new-york-times.md) | +10.6% | +17.4% |
| WTI | 2026-03-01 | [OPEC Plus to Boost Oil Production as Iran Strikes Threaten Price Spike - The New York Times](https://feedsoft.ai/events/20080-opec-plus-to-boost-oil-production-as-iran-strikes-threaten-price-spike-the-new.md) | +35.6% | +50.4% |
| WTI | 2025-06-01 | [OPEC+ to Increase Oil Production—Again](https://feedsoft.ai/events/24856-opec-to-increase-oil-production-again.md) | +6.2% | +7.6% |
| BRENT | 2024-06-03 | [U.S. crude oil falls more than 3% as OPEC+ plans phasing out production cuts](https://feedsoft.ai/events/29656-u-s-crude-oil-falls-more-than-3-as-opec-plans-phasing-out-production-cuts.md) | -2.0% | +7.9% |
| BRENT | 2025-04-04 | [Why OPEC+ is accelerating oil production as prices tank, tariffs hit](https://feedsoft.ai/events/25276-why-opec-is-accelerating-oil-production-as-prices-tank-tariffs-hit.md) | -9.8% | -13.9% |
| BRENT | 2021-12-02 | [OPEC Plus Maintains Oil Production Plans - The New York Times](https://feedsoft.ai/events/43499-opec-plus-maintains-oil-production-plans-the-new-york-times.md) | +9.7% | +14.1% |

## Sources

- washingtonpost.com: https://www.washingtonpost.com/business/2022/12/04/opec-oil-gas-saudi-arabia/

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