# Arab News | Oil prices ‘likely to remain static despite output cuts’

> A Reuters poll of 40 analysts forecast Brent averaging $42.48 a barrel in 2020 and $50.41 in 2021, with US crude averaging $38.70. Respondents expected OPEC+ output curbs to be offset by rising coronavirus cases that slow demand recovery. Brent was on track for its first monthly decline in six months.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/51279-arab-news-oil-prices-likely-to-remain-static-despite-output-cuts
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A flat crude outlook keeps diesel and freight costs stable for feed buyers in the near term. Demand recovery remains the main swing factor for energy-linked input costs.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-12-30 | [Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia](https://feedsoft.ai/events/55730-oil-price-rise-muted-in-2019-despite-sanctions-supply-cuts-attack-in-saudi.md) | +1.5% | -14.0% |
| BRENT | 2025-07-07 | [Oil prices up; strong demand outweighs surprisingly big OPEC+ output hike \| Reuters](https://feedsoft.ai/events/23929-oil-prices-up-strong-demand-outweighs-surprisingly-big-opec-output-hike-reuters.md) | +2.2% | +0.7% |
| BRENT | 2017-09-29 | [Arab News \| Middle East OPEC producers fret oil price rally may burn out](https://feedsoft.ai/events/69122-arab-news-middle-east-opec-producers-fret-oil-price-rally-may-burn-out.md) | -1.8% | +1.6% |
| BRENT | 2021-09-10 | [Arab News \| OPEC may cut demand forecast; US and China release oil from strategic reserves: Market wrap](https://feedsoft.ai/events/45237-arab-news-opec-may-cut-demand-forecast-us-and-china-release-oil-from-strategic.md) | +5.6% | +15.1% |
| BRENT | 2024-01-04 | [Oil prices remain volatile amid uncertainty arising from geopolitical conflict](https://feedsoft.ai/events/32316-oil-prices-remain-volatile-amid-uncertainty-arising-from-geopolitical-conflict.md) | -0.1% | +6.0% |
| WTI | 2019-12-30 | [Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia](https://feedsoft.ai/events/55730-oil-price-rise-muted-in-2019-despite-sanctions-supply-cuts-attack-in-saudi.md) | +2.5% | -13.6% |
| WTI | 2025-07-07 | [Oil prices up; strong demand outweighs surprisingly big OPEC+ output hike \| Reuters](https://feedsoft.ai/events/23929-oil-prices-up-strong-demand-outweighs-surprisingly-big-opec-output-hike-reuters.md) | +2.4% | +0.7% |
| WTI | 2017-09-29 | [Arab News \| Middle East OPEC producers fret oil price rally may burn out](https://feedsoft.ai/events/69122-arab-news-middle-east-opec-producers-fret-oil-price-rally-may-burn-out.md) | -1.6% | +1.7% |

## Sources

- arabnews.com: https://www.arabnews.com/business/oil-prices-likely-to-remain-static-despite-output-cuts-1742526

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