# OPEC+ decision on oil quotas muddled by Russian sanctions | S&P Global

> OPEC+ was set to meet on December 4 to review production quotas, ahead of the EU ban on Russian crude and the G7 price cap. Delegates expected a rollover of current quotas, though a further cut was not ruled out.

- Date: 2022-12-02 · published 2022-12-02T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/38394-opec-decision-on-oil-quotas-muddled-by-russian-sanctions-s-and-p-global
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Uncertainty over OPEC+ output and Russian crude flows keeps energy prices volatile, which feeds through to biofuel margins and vegetable oil and feed input costs.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-11-30 | [OPEC+ ministers reaffirm earlier decisions on oil production in 2026 -  Business & Economy - TASS](https://feedsoft.ai/events/21873-opec-ministers-reaffirm-earlier-decisions-on-oil-production-in-2026-business.md) | +0.7% | -1.8% |
| BRENT | 2025-10-29 | [Diesel rally sparked by Western sanctions on Russia will be short-lived \| Reuters](https://feedsoft.ai/events/22592-diesel-rally-sparked-by-western-sanctions-on-russia-will-be-short-lived-reuters.md) | +0.8% | -1.5% |
| BRENT | 2025-10-28 | [Diesel Prices Jump on Russia Sanctions and Refinery Outages - Bloomberg](https://feedsoft.ai/events/22594-diesel-prices-jump-on-russia-sanctions-and-refinery-outages-bloomberg.md) | -0.4% | -2.2% |
| BRENT | 2020-11-29 | [Iraq isn't seeking exemptions from OPEC+ output cuts: report \| S&P Global](https://feedsoft.ai/events/50065-iraq-isn-t-seeking-exemptions-from-opec-output-cuts-report-s-and-p-global.md) | +3.5% | +7.0% |
| 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% |
| WTI | 2020-02-06 | [U.S., global oil benchmarks split ways as Russia resists deeper OPEC+ output cuts - MarketWatch](https://feedsoft.ai/events/54750-u-s-global-oil-benchmarks-split-ways-as-russia-resists-deeper-opec-output-cuts.md) | +0.6% | -9.7% |
| WTI | 2025-11-30 | [OPEC+ ministers reaffirm earlier decisions on oil production in 2026 -  Business & Economy - TASS](https://feedsoft.ai/events/21873-opec-ministers-reaffirm-earlier-decisions-on-oil-production-in-2026-business.md) | +2.7% | -1.1% |
| 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% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/120222-opec-decision-on-oil-quotas-muddled-by-russian-sanctions

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