# OPEC oil cartel holds production steady in face of Russia sanctions uncertainty | Money News | Sky News

> OPEC and allied producers including Russia kept output targets unchanged on Sunday despite uncertainty over new Western sanctions on Moscow. The decision came before the EU boycott and G7 price cap on Russian oil were due to start.

- Date: 2022-12-04 · published 2022-12-04T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/38144-opec-oil-cartel-holds-production-steady-in-face-of-russia-sanctions-uncertainty
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The status quo on output with uncertain sanctions leaves crude supply tightness possible, which could support energy prices and input costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-09-06 | [OPEC Plus Holds Oil Production Steady as U.S.-Iran Strikes Resume - The New York Times](https://feedsoft.ai/events/17379-opec-plus-holds-oil-production-steady-as-u-s-iran-strikes-resume-the-new-york.md) | +12.0% | +18.6% |
| BRENT | 2025-02-19 | [Oil holds near one-week high on supply concerns, sanctions on Russia eyed \| Reuters](https://feedsoft.ai/events/26210-oil-holds-near-one-week-high-on-supply-concerns-sanctions-on-russia-eyed-reuters.md) | -4.1% | -6.4% |
| BRENT | 2017-02-01 | [Oil prices stabilise as Russia joins OPEC in production cut - Offshore Energy](https://feedsoft.ai/events/72669-oil-prices-stabilise-as-russia-joins-opec-in-production-cut-offshore-energy.md) | -1.9% | -1.8% |
| BRENT | 2025-03-24 | [Crude Oil Rallies on Tougher Iranian Sanctions and OPEC+ Uncertainty \| Investing.com AU](https://feedsoft.ai/events/25752-crude-oil-rallies-on-tougher-iranian-sanctions-and-opec-uncertainty-investing.md) | +2.4% | -6.4% |
| BRENT | 2018-12-07 | [OPEC and Russia agree to slash oil production \| CNN Business](https://feedsoft.ai/events/61456-opec-and-russia-agree-to-slash-oil-production-cnn-business.md) | +2.2% | -2.9% |
| WTI | 2026-09-06 | [OPEC Plus Holds Oil Production Steady as U.S.-Iran Strikes Resume - The New York Times](https://feedsoft.ai/events/17379-opec-plus-holds-oil-production-steady-as-u-s-iran-strikes-resume-the-new-york.md) | +9.3% | +3.6% |
| WTI | 2025-02-19 | [Oil holds near one-week high on supply concerns, sanctions on Russia eyed \| Reuters](https://feedsoft.ai/events/26210-oil-holds-near-one-week-high-on-supply-concerns-sanctions-on-russia-eyed-reuters.md) | -4.2% | -6.7% |
| WTI | 2017-02-01 | [Oil prices stabilise as Russia joins OPEC in production cut - Offshore Energy](https://feedsoft.ai/events/72669-oil-prices-stabilise-as-russia-joins-opec-in-production-cut-offshore-energy.md) | -1.1% | +2.0% |

## Sources

- news.sky.com: https://news.sky.com/story/opec-oil-cartel-holds-production-steady-in-face-of-russia-sanctions-uncertainty-12761616

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