# OPEC+ decision to hold virtual meeting signals little likelihood of policy change - Markets - Business Recorder

> OPEC+ will hold its December 4 meeting virtually, according to a source cited by Reuters. The source said this signals little likelihood of a policy change. The group is also watching an EU ban on Russian seaborne crude imports and a G7 price cap set for December 5.

- Date: 2022-11-30 · published 2022-11-30T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/38585-opec-decision-to-hold-virtual-meeting-signals-little-likelihood-of-policy
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A likely unchanged OPEC+ policy leaves the current output cut in place, so crude supply is not expected to shift in the near term. Attention is on EU and G7 sanctions on Russian oil, which could alter supply flows.

## Read by commodity

- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2023-02-01 | [OPEC+ committee recommends no change in oil output policy at virtual meeting](https://feedsoft.ai/events/37215-opec-committee-recommends-no-change-in-oil-output-policy-at-virtual-meeting.md) | -0.8% | -0.5% |
| 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% |
| 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 | 2022-08-03 | [OPEC+ approves tiny oil output rise in rebuff to Biden - Markets - Business Recorder](https://feedsoft.ai/events/39954-opec-approves-tiny-oil-output-rise-in-rebuff-to-biden-markets-business-recorder.md) | -3.4% | -4.0% |
| BRENT | 2024-07-18 | [OPEC+ unlikely to change oil output policy at Aug 1 JMMC meeting, sources say \| Reuters](https://feedsoft.ai/events/29159-opec-unlikely-to-change-oil-output-policy-at-aug-1-jmmc-meeting-sources-say.md) | -3.6% | -5.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40211740

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