# OPEC+ sticks to existing production policy for February

> OPEC+ decided on Tuesday to extend its plan to raise output by 400,000 barrels per day through February. The group, which cut about 10 million bpd in April 2020, will next meet on February 2. Brent passed $80 a barrel by the end of the meeting.

- Date: 2022-01-04 · published 2022-01-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43064-opec-sticks-to-existing-production-policy-for-february
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The planned supply increase is bearish for crude over time, but prices rose on the day. Energy cost changes flow through to diesel, freight and biofuel inputs for feed.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-01-02 | [OPEC+ To Meet In Early February To Review Production: Report](https://feedsoft.ai/events/32034-opec-to-meet-in-early-february-to-review-production-report.md) | -2.0% | +7.5% |
| BRENT | 2024-01-29 | [No changes to oil production policy expected at OPEC+ meeting](https://feedsoft.ai/events/32041-no-changes-to-oil-production-policy-expected-at-opec-meeting.md) | -6.0% | -0.7% |
| BRENT | 2025-02-05 | [MEED \| Opec+ decides to adhere to oil production policy](https://feedsoft.ai/events/25947-meed-opec-decides-to-adhere-to-oil-production-policy.md) | +1.2% | -6.2% |
| BRENT | 2017-12-01 | [For How Long Will OPEC Extend Production Cuts?](https://feedsoft.ai/events/68171-for-how-long-will-opec-extend-production-cuts.md) | -2.0% | +4.9% |
| BRENT | 2023-11-30 | [OPEC+ opts for 'voluntary cuts' in oil production, invites Brazil to join - EFE](https://feedsoft.ai/events/33088-opec-opts-for-voluntary-cuts-in-oil-production-invites-brazil-to-join-efe.md) | -10.5% | -5.2% |
| WTI | 2024-01-02 | [OPEC+ To Meet In Early February To Review Production: Report](https://feedsoft.ai/events/32034-opec-to-meet-in-early-february-to-review-production-report.md) | -1.2% | +8.8% |
| WTI | 2024-01-29 | [No changes to oil production policy expected at OPEC+ meeting](https://feedsoft.ai/events/32041-no-changes-to-oil-production-policy-expected-at-opec-meeting.md) | -7.3% | -0.1% |
| WTI | 2025-02-05 | [MEED \| Opec+ decides to adhere to oil production policy](https://feedsoft.ai/events/25947-meed-opec-decides-to-adhere-to-oil-production-policy.md) | +0.9% | -8.8% |

## Sources

- aa.com.tr: https://www.aa.com.tr/en/economy/opec-sticks-to-existing-production-policy-for-february/2465259

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