# Algeria says OPEC+ decision to keep output unchanged appropriate

> Algeria's energy minister said the OPEC+ decision to keep output unchanged was appropriate given market fluctuations. Algeria's output was kept at 1.007 million bpd, and OPEC+ will monitor crude markets closely.

- Date: 2022-12-04 · published 2022-12-04T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/38141-algeria-says-opec-decision-to-keep-output-unchanged-appropriate
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A government endorsement of holding output signals continued supply discipline, which tends to support crude prices and energy input costs.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-08-30 | [OPEC+ likely to keep oil output policy from September unchanged, sources say \| Reuters](https://feedsoft.ai/events/45470-opec-likely-to-keep-oil-output-policy-from-september-unchanged-sources-say.md) | +0.5% | +7.3% |
| BRENT | 2024-02-01 | [Opec+ committee meeting keeps oil output policy unchanged - The Business Times](https://feedsoft.ai/events/31568-opec-committee-meeting-keeps-oil-output-policy-unchanged-the-business-times.md) | -2.6% | +1.9% |
| BRENT | 2026-10-04 | [OPEC+ agrees to keep November oil output targets steady](https://feedsoft.ai/events/17059-opec-agrees-to-keep-november-oil-output-targets-steady.md) | -0.9% | +2.2% |
| BRENT | 2026-10-01 | [OPEC+ agrees to keep November oil output targets steady](https://feedsoft.ai/events/17056-opec-agrees-to-keep-november-oil-output-targets-steady.md) | +2.6% | +8.8% |
| BRENT | 2024-04-02 | [OPEC+ unlikely to change output policy at panel meeting](https://feedsoft.ai/events/30643-opec-unlikely-to-change-output-policy-at-panel-meeting.md) | +4.9% | +1.9% |
| WTI | 2021-08-30 | [OPEC+ likely to keep oil output policy from September unchanged, sources say \| Reuters](https://feedsoft.ai/events/45470-opec-likely-to-keep-oil-output-policy-from-september-unchanged-sources-say.md) | +0.8% | +9.7% |
| WTI | 2024-02-01 | [Opec+ committee meeting keeps oil output policy unchanged - The Business Times](https://feedsoft.ai/events/31568-opec-committee-meeting-keeps-oil-output-policy-unchanged-the-business-times.md) | -2.6% | +3.6% |
| WTI | 2026-10-04 | [OPEC+ agrees to keep November oil output targets steady](https://feedsoft.ai/events/17059-opec-agrees-to-keep-november-oil-output-targets-steady.md) | +0.8% | +8.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/algeria-says-opec-decision-keep-output-unchanged-appropriate-2022-12-04/

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