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The IEA said it has learned OPEC+ plans to stop using its monthly Oil Market Report as a secondary source for production data. The agency will publish its monthly OPEC+ production estimates publicly.
The dispute over which data sources count changes how OPEC+ output is tracked, adding uncertainty to supply estimates that drive crude price expectations. Market impact is mainly through sentiment on transparency.
iea.orgMar 31, 2022After 41 past neutral report events, BRENT moved a median -1.4% over 5 sessions (41% higher; middle half -4.0% to +1.9%), and +1.8% over 20.
After 56 past neutral report events, WTI moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
