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

> The OPEC secretary general said Russia's membership in OPEC+ is vital to the success of the agreement. Al-Ghais, Kuwait's former OPEC governor, will chair his first OPEC+ meeting on 3 August. The group is expected to consider keeping output unchanged for September despite US calls for more supply.

- Date: 2022-07-31 · published 2022-07-31T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/40408-opec-secretary-general-says-russia-s-membership-in-opec-is-vital-for-success-of
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A likely pause in output increases keeps supply tight relative to US demand for more barrels. Crude prices may stay firm, which keeps energy costs high for feed buyers.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-12-02 | [OPEC+ agrees on planned January oil output rise, sources say \| Reuters](https://feedsoft.ai/events/43497-opec-agrees-on-planned-january-oil-output-rise-sources-say-reuters.md) | +10.6% | +17.4% |
| WTI | 2019-09-11 | [Saudi Arabia and Russia call for OPEC+ cohesiveness with supply cuts](https://feedsoft.ai/events/57006-saudi-arabia-and-russia-call-for-opec-cohesiveness-with-supply-cuts.md) | +3.3% | -8.3% |
| WTI | 2017-03-21 | [OPEC's Oil Production Agreement Having Unintended Effects, Goldman Says - Business Insider](https://feedsoft.ai/events/72160-opec-s-oil-production-agreement-having-unintended-effects-goldman-says-business.md) | -1.4% | +9.4% |
| WTI | 2026-01-04 | [OPEC+ keeps oil output steady amid turmoil among members \| Reuters](https://feedsoft.ai/events/20967-opec-keeps-oil-output-steady-amid-turmoil-among-members-reuters.md) | +3.1% | +7.9% |
| WTI | 2026-07-28 | [OPEC+ likely to pause oil output hikes after September, sources say \| Reuters](https://feedsoft.ai/events/18254-opec-likely-to-pause-oil-output-hikes-after-september-sources-say-reuters.md) | -2.7% | +2.6% |
| BRENT | 2021-12-02 | [OPEC+ agrees on planned January oil output rise, sources say \| Reuters](https://feedsoft.ai/events/43497-opec-agrees-on-planned-january-oil-output-rise-sources-say-reuters.md) | +9.7% | +14.1% |
| BRENT | 2025-12-02 | [OPEC+ members to undergo annual oil capacity audit under new plan, sources say \| Reuters](https://feedsoft.ai/events/21428-opec-members-to-undergo-annual-oil-capacity-audit-under-new-plan-sources-say.md) | -1.3% | -2.5% |
| BRENT | 2019-09-11 | [Saudi Arabia and Russia call for OPEC+ cohesiveness with supply cuts](https://feedsoft.ai/events/57006-saudi-arabia-and-russia-call-for-opec-cohesiveness-with-supply-cuts.md) | +2.4% | -8.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-secretary-general-says-russias-membership-opec-is-vital-success-agreement-2022-07-31/

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