# Opec-Plus: October Output Flat Ahead of Massive Cut | Energy Intelligence

> OPEC+ crude output with monthly quotas fell 63,000 b/d in October to 38.57 million b/d, according to Energy Intelligence. Output was 3.5 million b/d below the alliance target, with Russia and Nigeria accounting for 60% of the shortfall. The article frames October as a quiet month before the larger cut planned for November and December.

- Date: 2022-11-08 · published 2022-11-08T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/38590-opec-plus-october-output-flat-ahead-of-massive-cut-energy-intelligence
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A wide gap between OPEC+ targets and actual output means the planned November cut may tighten supply less than headline figures suggest. Crude price effects are likely limited until compliance changes.

## Read by commodity

- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-11-21 | [Opec-Plus: October Output Falls in Line With Deal \| Energy Intelligence](https://feedsoft.ai/events/38589-opec-plus-october-output-falls-in-line-with-deal-energy-intelligence.md) | -5.4% | -9.8% |
| BRENT | 2024-01-03 | [OPEC’s Crude Oil Output Steady in December Before New Supply Cuts - Bloomberg](https://feedsoft.ai/events/32039-opec-s-crude-oil-output-steady-in-december-before-new-supply-cuts-bloomberg.md) | +2.3% | +9.8% |
| BRENT | 2018-07-01 | [OPEC July oil output hits 2018 peak, but outages weigh: Reuters survey - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/63957-opec-july-oil-output-hits-2018-peak-but-outages-weigh-reuters-survey-energy.md) | -3.1% | -4.9% |
| BRENT | 2024-12-12 | [Oil settles flat; markets weigh IEA surplus forecast, rate cut optimism \| Reuters](https://feedsoft.ai/events/27118-oil-settles-flat-markets-weigh-iea-surplus-forecast-rate-cut-optimism-reuters.md) | +0.0% | +7.9% |
| BRENT | 2020-02-07 | [OPEC overdelivers on oil cuts but coronavirus fears complicate outlook: Platts survey](https://feedsoft.ai/events/54752-opec-overdelivers-on-oil-cuts-but-coronavirus-fears-complicate-outlook-platts.md) | +2.3% | -8.0% |

## Sources

- energyintel.com: https://www.energyintel.com/00000184-580c-d8b5-ab9f-ff0d55ba0001

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