# Too early to debate more output cuts: OPEC head

> OPEC Secretary-General Barkindo told TASS that discussing further output cuts at the December meeting is premature. Participating countries showed about 136% conformity with the 1.2 million bpd deal, and he said OPEC+ cooperation would continue.

- Date: 2019-10-08 · published 2019-10-08T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/56471-too-early-to-debate-more-output-cuts-opec-head
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Reluctance to deepen cuts soon reduces the near-term chance of a supply tightening, a mild bearish factor for crude and related energy costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-05-28 | [OPEC+ Calls Time on Output Cuts — CEESA](https://feedsoft.ai/events/59243-opec-calls-time-on-output-cuts-ceesa.md) | -9.0% | -4.9% |
| BRENT | 2021-04-27 | [OPEC+ sticks to plan to ease oil output cuts from May 1 \| Reuters](https://feedsoft.ai/events/47504-opec-sticks-to-plan-to-ease-oil-output-cuts-from-may-1-reuters.md) | +3.2% | +4.5% |
| BRENT | 2017-06-27 | [OPEC in no rush on deeper oil output cut, to look at in July](https://feedsoft.ai/events/70392-opec-in-no-rush-on-deeper-oil-output-cut-to-look-at-in-july.md) | +9.9% | +7.2% |
| BRENT | 2020-12-01 | [Oil slides as OPEC+ delays decision on output cuts](https://feedsoft.ai/events/49561-oil-slides-as-opec-delays-decision-on-output-cuts.md) | +3.2% | +7.5% |
| BRENT | 2021-04-01 | [OPEC+ decides to gradually curb output cuts as demand concerns persist](https://feedsoft.ai/events/47509-opec-decides-to-gradually-curb-output-cuts-as-demand-concerns-persist.md) | -1.4% | +7.7% |
| WTI | 2019-05-28 | [OPEC+ Calls Time on Output Cuts — CEESA](https://feedsoft.ai/events/59243-opec-calls-time-on-output-cuts-ceesa.md) | -8.9% | -1.2% |
| WTI | 2021-04-27 | [OPEC+ sticks to plan to ease oil output cuts from May 1 \| Reuters](https://feedsoft.ai/events/47504-opec-sticks-to-plan-to-ease-oil-output-cuts-from-may-1-reuters.md) | +4.0% | +6.6% |
| WTI | 2017-06-27 | [OPEC in no rush on deeper oil output cut, to look at in July](https://feedsoft.ai/events/70392-opec-in-no-rush-on-deeper-oil-output-cut-to-look-at-in-july.md) | +7.1% | +10.4% |

## Sources

- haberintelifi.aa.com.tr: https://haberintelifi.aa.com.tr/en/economy/too-early-to-debate-more-output-cuts-opec-head/1605976

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