# OPEC keeps oil supply cuts amid uncertainty of Russian sanctions - Los Angeles Times

> OPEC+ kept in place the 2 million barrel-per-day cut announced in October, which remains effective. Analysts said the cut removed less than the full amount from the market because members already struggled to meet quotas.

- Date: 2022-12-04 · published 2022-12-04T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/38142-opec-keeps-oil-supply-cuts-amid-uncertainty-of-russian-sanctions-los-angeles
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Because the actual cut is smaller than headline volumes, real supply tightening is limited, so crude prices may not get a strong lift from the policy.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2023-02-01 | [OPEC+ keeps output steady amid uncertainty on China and Russia](https://feedsoft.ai/events/37228-opec-keeps-output-steady-amid-uncertainty-on-china-and-russia.md) | -0.8% | -0.5% |
| BRENT | 2019-04-02 | [Future of OPEC supply cap deal looks uncertain as Russia mulls quitting – Businessday NG](https://feedsoft.ai/events/59508-future-of-opec-supply-cap-deal-looks-uncertain-as-russia-mulls-quitting.md) | +3.0% | +5.0% |
| BRENT | 2026-06-08 | [Opec+ raises July oil production quotas amid supply concerns \| Malay Mail](https://feedsoft.ai/events/18720-opec-raises-july-oil-production-quotas-amid-supply-concerns-malay-mail.md) | -7.5% | -26.2% |
| BRENT | 2019-05-01 | [Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply](https://feedsoft.ai/events/59238-oil-prices-mixed-as-talk-of-extending-opec-cuts-faces-rising-u-s-supply.md) | -2.9% | -3.4% |
| BRENT | 2019-09-11 | [Saudi Arabia and Russia call for OPEC+ cohesiveness with supply cuts](https://feedsoft.ai/events/57006-saudi-arabia-and-russia-call-for-opec-cohesiveness-with-supply-cuts.md) | +2.4% | -8.4% |
| WTI | 2023-02-01 | [OPEC+ keeps output steady amid uncertainty on China and Russia](https://feedsoft.ai/events/37228-opec-keeps-output-steady-amid-uncertainty-on-china-and-russia.md) | -2.2% | -1.7% |
| WTI | 2019-04-02 | [Future of OPEC supply cap deal looks uncertain as Russia mulls quitting – Businessday NG](https://feedsoft.ai/events/59508-future-of-opec-supply-cap-deal-looks-uncertain-as-russia-mulls-quitting.md) | +4.5% | +3.7% |
| WTI | 2026-06-08 | [Opec+ raises July oil production quotas amid supply concerns \| Malay Mail](https://feedsoft.ai/events/18720-opec-raises-july-oil-production-quotas-amid-supply-concerns-malay-mail.md) | -6.1% | -25.6% |

## Sources

- latimes.com: https://www.latimes.com/world-nation/story/2022-12-04/opec-keeps-oil-supply-cuts-amid-uncertainty-about-impact-of-russian-sanctions

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