# Insight: Saudi Arabia leads OPEC decision to drop IEA data as US ties fray

> Reuters reports that OPEC+, led by Saudi Arabia, voted unanimously in March to stop using IEA oil data when assessing supply and demand. The decision reflects concern about strained US-Saudi ties, and OPEC+ has so far ignored Western calls to raise output.

- Date: 2022-04-12 · published 2022-04-12T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/41757-insight-saudi-arabia-leads-opec-decision-to-drop-iea-data-as-us-ties-fray
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Removing IEA data reduces market transparency and leaves crude supply assessments more uncertain, which supports prices amid already elevated levels.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-12-02 | [Oil rises as investors focus on OPEC+ decision](https://feedsoft.ai/events/43759-oil-rises-as-investors-focus-on-opec-decision.md) | +9.7% | +14.1% |
| BRENT | 2019-09-15 | [Oil prices likely to surge at Sunday's opening after a "different" type of Saudi Arabia disruption - FreightWaves](https://feedsoft.ai/events/5990-oil-prices-likely-to-surge-at-sunday-s-opening-after-a-different-type-of-saudi.md) | +6.6% | -0.3% |
| BRENT | 2018-05-09 | [Saudi Arabia will not act alone to fill any Iran oil shortfall: OPEC source](https://feedsoft.ai/events/64941-saudi-arabia-will-not-act-alone-to-fill-any-iran-oil-shortfall-opec-source.md) | +5.6% | -0.3% |
| BRENT | 2020-05-11 | [Saudi Arabia deepens oil cuts as weak demand weighs on prices](https://feedsoft.ai/events/53030-saudi-arabia-deepens-oil-cuts-as-weak-demand-weighs-on-prices.md) | +15.8% | +46.8% |
| BRENT | 2022-10-08 | [Why Did Saudi Arabia Defy Biden to Keep Oil Prices High - Bloomberg](https://feedsoft.ai/events/39060-why-did-saudi-arabia-defy-biden-to-keep-oil-prices-high-bloomberg.md) | -6.6% | +0.7% |
| WTI | 2021-12-02 | [Oil rises as investors focus on OPEC+ decision](https://feedsoft.ai/events/43759-oil-rises-as-investors-focus-on-opec-decision.md) | +10.6% | +17.4% |
| WTI | 2019-09-15 | [Oil prices likely to surge at Sunday's opening after a "different" type of Saudi Arabia disruption - FreightWaves](https://feedsoft.ai/events/5990-oil-prices-likely-to-surge-at-sunday-s-opening-after-a-different-type-of-saudi.md) | +5.8% | -0.1% |
| WTI | 2020-05-11 | [Saudi Arabia deepens oil cuts as weak demand weighs on prices](https://feedsoft.ai/events/53030-saudi-arabia-deepens-oil-cuts-as-weak-demand-weighs-on-prices.md) | +19.0% | +54.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/saudi-arabia-leads-opec-decision-drop-iea-data-us-ties-fray-2022-04-12/

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