# Managing oil supply | Oil & Gas Journal

> An editorial argues that OPEC supply management, in place since January 2017, is growing harder to sustain as non-OPEC supply outpaces demand. The IEA estimated a global surplus of 900,000 b/d in the first half of 2019. Producers limiting output are losing market share.

- Date: 2019-08-20 · published 2019-08-20T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/57505-managing-oil-supply-oil-and-gas-journal
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rising non-OPEC supply and a surplus weigh on crude prices over time, which affects diesel costs and biofuel margins. The editorial suggests cuts may weaken, a bearish risk for energy-linked feed input costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-03-04 | [OPEC+ to gradually increase production amid market volatility \| Oil & Gas Journal](https://feedsoft.ai/events/25491-opec-to-gradually-increase-production-amid-market-volatility-oil-and-gas-journal.md) | -3.4% | +4.7% |
| WTI | 2021-06-30 | [OPEC+ may extend oil supply cuts amid warning of glut, sources say \| Financial Post](https://feedsoft.ai/events/46498-opec-may-extend-oil-supply-cuts-amid-warning-of-glut-sources-say-financial-post.md) | -1.2% | -1.0% |
| WTI | 2024-03-26 | [Oil settles lower as markets weigh Russian supply woes](https://feedsoft.ai/events/31369-oil-settles-lower-as-markets-weigh-russian-supply-woes.md) | +4.2% | +2.0% |
| WTI | 2023-12-25 | [Processing Journal \| Rabobank Soybean Outlook](https://feedsoft.ai/events/32779-processing-journal-rabobank-soybean-outlook.md) | -3.9% | +2.7% |
| WTI | 2026-03-10 | [WTI Oil prices drop as G7 mulls reserves, IEA assesses supply risks](https://feedsoft.ai/events/6635-wti-oil-prices-drop-as-g7-mulls-reserves-iea-assesses-supply-risks.md) | -1.3% | +20.4% |
| BRENT | 2025-03-04 | [OPEC+ to gradually increase production amid market volatility \| Oil & Gas Journal](https://feedsoft.ai/events/25491-opec-to-gradually-increase-production-amid-market-volatility-oil-and-gas-journal.md) | -2.8% | +5.2% |
| BRENT | 2021-06-30 | [OPEC+ may extend oil supply cuts amid warning of glut, sources say \| Financial Post](https://feedsoft.ai/events/46498-opec-may-extend-oil-supply-cuts-amid-warning-of-glut-sources-say-financial-post.md) | +0.1% | -0.5% |
| BRENT | 2024-03-26 | [Oil settles lower as markets weigh Russian supply woes](https://feedsoft.ai/events/31369-oil-settles-lower-as-markets-weigh-russian-supply-woes.md) | +2.1% | +2.2% |

## Sources

- ogj.com: https://www.ogj.com/general-interest/article/14038553/managing-oil-supply

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