# OPEC+ might cut output after December meeting | Report.az

> Iran's oil minister said the OPEC+ cut would likely continue at the December 5 meeting and that the group would also consider output levels after March 2020. He said OPEC would cut the volume it puts up for sale. The statement is an official expectation ahead of the meeting.

- Date: 2019-11-04 · published 2019-11-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/55957-opec-might-cut-output-after-december-meeting-report-az
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expectation of continued cuts supports crude prices and limits supply growth into 2020. Energy-linked costs for feed and biofuel feedstocks would be affected if the cuts are extended.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-10-22 | [OPEC, allies to consider deeper oil cuts at December meeting - Reuters — Octa](https://feedsoft.ai/events/56467-opec-allies-to-consider-deeper-oil-cuts-at-december-meeting-reuters-octa.md) | +3.4% | +6.2% |
| BRENT | 2022-08-26 | [Oil prices rise on signals OPEC might cut output](https://feedsoft.ai/events/40228-oil-prices-rise-on-signals-opec-might-cut-output.md) | -6.8% | -8.7% |
| BRENT | 2019-07-01 | [OPEC Extends Output Cuts Into 2020 as Marathon Meeting Ends - Bloomberg](https://feedsoft.ai/events/58005-opec-extends-output-cuts-into-2020-as-marathon-meeting-ends-bloomberg.md) | -4.2% | -6.1% |
| BRENT | 2022-09-29 | [Oil slips after hitting $90/bbl as OPEC+ considers output cut](https://feedsoft.ai/events/39760-oil-slips-after-hitting-90-bbl-as-opec-considers-output-cut.md) | +4.9% | +5.4% |
| BRENT | 2024-10-30 | [OPEC+ could delay December oil output hike, sources say](https://feedsoft.ai/events/27766-opec-could-delay-december-oil-output-hike-sources-say.md) | +7.2% | +3.6% |
| WTI | 2019-10-22 | [OPEC, allies to consider deeper oil cuts at December meeting - Reuters — Octa](https://feedsoft.ai/events/56467-opec-allies-to-consider-deeper-oil-cuts-at-december-meeting-reuters-octa.md) | +4.5% | +6.8% |
| WTI | 2022-08-26 | [Oil prices rise on signals OPEC might cut output](https://feedsoft.ai/events/40228-oil-prices-rise-on-signals-opec-might-cut-output.md) | -6.6% | -15.2% |
| WTI | 2019-07-01 | [OPEC Extends Output Cuts Into 2020 as Marathon Meeting Ends - Bloomberg](https://feedsoft.ai/events/58005-opec-extends-output-cuts-into-2020-as-marathon-meeting-ends-bloomberg.md) | -1.4% | -2.5% |

## Sources

- report.az: https://report.az/en/energy/opec-might-cut-output-after-december-meeting

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