OPEC secretary general says Russia's membership in OPEC+ is vital for success of agreement

After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.

• Dec 2, 2021OPEC+ agrees on planned January oil output rise, sources say | Reuters+10.6%
• Sep 11, 2019Saudi Arabia and Russia call for OPEC+ cohesiveness with supply cuts+3.3%
• Mar 21, 2017OPEC's Oil Production Agreement Having Unintended Effects, Goldman Says - Business Insider-1.4%
• Jan 4, 2026OPEC+ keeps oil output steady amid turmoil among members | Reuters+3.1%
• Jul 28, 2026OPEC+ likely to pause oil output hikes after September, sources say | Reuters-2.7%

After 175 past neutral policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.

• Dec 2, 2021OPEC+ agrees on planned January oil output rise, sources say | Reuters+9.7%
• Dec 2, 2025OPEC+ members to undergo annual oil capacity audit under new plan, sources say | Reuters-1.3%
• Sep 11, 2019Saudi Arabia and Russia call for OPEC+ cohesiveness with supply cuts+2.4%
• Jan 4, 2026OPEC+ keeps oil output steady amid turmoil among members | Reuters+4.7%
• Jul 28, 2026OPEC+ likely to pause oil output hikes after September, sources say | Reuters-4.2%