# OPEC+ Meeting Ends: Cartel Won't Produce Extra Crude | OilPrice.com

> OPEC+ agreed to ease its production cuts by 400,000 bpd for December, ignoring calls from the US and other big consumers to add more. The meeting did not address output shortfalls in Nigeria and Angola, which have struggled to meet their quotas.

- Date: 2021-11-04 · published 2021-11-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43986-opec-meeting-ends-cartel-won-t-produce-extra-crude-oilprice-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Underperformance by African members means actual supply growth is smaller than the headline increase, which keeps crude tight and supports energy costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-05-02 | [Oil alliance OPEC+ extends collective crude production cuts into 2025](https://feedsoft.ai/events/29653-oil-alliance-opec-extends-collective-crude-production-cuts-into-2025.md) | -0.1% | -1.9% |
| WTI | 2023-10-04 | [OPEC+ Leaves Oil Production Levels Unchanged \| OilPrice.com](https://feedsoft.ai/events/33525-opec-leaves-oil-production-levels-unchanged-oilprice-com.md) | -3.7% | -8.8% |
| WTI | 2019-08-16 | [OPEC Oil Production Continues To Slide As Saudis Cut Deeper \| OilPrice.com](https://feedsoft.ai/events/57504-opec-oil-production-continues-to-slide-as-saudis-cut-deeper-oilprice-com.md) | +1.5% | +1.1% |
| WTI | 2024-06-02 | [37th OPEC and non-OPEC Ministerial Meeting  extends level of overall crude oil production until end of 2025 \| Emirates News Agency](https://feedsoft.ai/events/29652-37th-opec-and-non-opec-ministerial-meeting-extends-level-of-overall-crude-oil.md) | -1.9% | +8.5% |
| WTI | 2017-09-21 | [OPEC's Strategy To Clamp Down On Cheating \| OilPrice.com](https://feedsoft.ai/events/68870-opec-s-strategy-to-clamp-down-on-cheating-oilprice-com.md) | +3.6% | +3.4% |
| BRENT | 2024-05-02 | [Oil alliance OPEC+ extends collective crude production cuts into 2025](https://feedsoft.ai/events/29653-oil-alliance-opec-extends-collective-crude-production-cuts-into-2025.md) | -0.6% | -2.2% |
| BRENT | 2023-10-04 | [OPEC+ Leaves Oil Production Levels Unchanged \| OilPrice.com](https://feedsoft.ai/events/33525-opec-leaves-oil-production-levels-unchanged-oilprice-com.md) | -3.8% | -6.0% |
| BRENT | 2019-08-16 | [OPEC Oil Production Continues To Slide As Saudis Cut Deeper \| OilPrice.com](https://feedsoft.ai/events/57504-opec-oil-production-continues-to-slide-as-saudis-cut-deeper-oilprice-com.md) | +3.6% | +4.8% |

## Sources

- oilprice.com: https://oilprice.com/Energy/Crude-Oil/OPEC-Meeting-Ends-Cartel-Wont-Produce-Extra-Crude.html

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