# Oil Rises as New Saudi Minister Signals OPEC+ Cuts to Continue - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> Oil rose for a fourth day after Saudi Arabia's new energy minister Prince Abdulaziz bin Salman signaled OPEC and allies would continue production cuts. The UAE energy minister pushed for full member compliance but no deeper reductions were recommended.

- Date: 2019-09-09 · published 2019-09-09T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/57248-oil-rises-as-new-saudi-minister-signals-opec-cuts-to-continue-energy-news-top
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Continued OPEC+ output cuts support crude prices by limiting supply growth, which supports energy input costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-05-21 | [Oil Rises as OPEC Signal on Output Curbs Counters Trade Risk - Canadian Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow](https://feedsoft.ai/events/59246-oil-rises-as-opec-signal-on-output-curbs-counters-trade-risk-canadian-energy.md) | -3.4% | -13.6% |
| BRENT | 2018-06-22 | [Oil jumps as OPEC agrees to modest output hikes - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/11572-oil-jumps-as-opec-agrees-to-modest-output-hikes-energy-news-top-headlines.md) | +5.6% | -1.0% |
| BRENT | 2024-02-01 | [OPEC+ to Review Oil Cut Extension in March, Ministers Leave Policy Unchanged - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/31567-opec-to-review-oil-cut-extension-in-march-ministers-leave-policy-unchanged.md) | -2.6% | +1.9% |
| BRENT | 2023-09-30 | [OPEC+ Panel Unlikely to Tweak Oil Policy at Wednesday Meeting - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/34013-opec-panel-unlikely-to-tweak-oil-policy-at-wednesday-meeting-energy-news-top.md) | -9.8% | -5.2% |
| BRENT | 2019-02-12 | [Saudi crude output to fall to 9.8 million bpd in March: Falih - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/60520-saudi-crude-output-to-fall-to-9-8-million-bpd-in-march-falih-energy-news-top.md) | +8.0% | +7.2% |
| WTI | 2019-05-21 | [Oil Rises as OPEC Signal on Output Curbs Counters Trade Risk - Canadian Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow](https://feedsoft.ai/events/59246-oil-rises-as-opec-signal-on-output-curbs-counters-trade-risk-canadian-energy.md) | -7.3% | -17.7% |
| WTI | 2018-06-22 | [Oil jumps as OPEC agrees to modest output hikes - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/11572-oil-jumps-as-opec-agrees-to-modest-output-hikes-energy-news-top-headlines.md) | +11.9% | +7.2% |
| WTI | 2024-02-01 | [OPEC+ to Review Oil Cut Extension in March, Ministers Leave Policy Unchanged - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/31567-opec-to-review-oil-cut-extension-in-march-ministers-leave-policy-unchanged.md) | -2.6% | +3.6% |

## Sources

- energynow.com: https://energynow.com/2019/09/oil-rises-as-new-saudi-minister-signals-opec-cuts-to-continue/

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