# Gulf OPEC Producers to Keep July Production Within Current Deal   | OilPrice.com

> Saudi Arabia, Kuwait and the UAE plan to keep their July production within the limits of the current deal expiring in June, according to OPEC sources. Saudi output was 9.69 million bpd in May, below its 10.311 million bpd cap. Russia's decision on rolling over the cuts remained the main unknown ahead of the July 1-2 meetings.

- Date: 2019-06-20 · published 2019-06-20T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/58531-gulf-opec-producers-to-keep-july-production-within-current-deal-oilprice-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Keeping output within quota means no near-term supply increase, which limits downside for crude prices. Energy costs remain a background factor for feed production expenses.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-02-27 | [OPEC+ Rethinking Oil Production Rampup After Trump Complications \| OilPrice.com](https://feedsoft.ai/events/25945-opec-rethinking-oil-production-rampup-after-trump-complications-oilprice-com.md) | -3.3% | +1.6% |
| WTI | 2026-06-08 | [OPEC 7 Decide to Boost Production in July \| Rigzone](https://feedsoft.ai/events/18719-opec-7-decide-to-boost-production-in-july-rigzone.md) | -6.1% | -25.6% |
| WTI | 2023-11-30 | [OPEC+ Production Cuts Fail to Convince Oil Traders Amid Lack of Detail - Bloomberg](https://feedsoft.ai/events/33085-opec-production-cuts-fail-to-convince-oil-traders-amid-lack-of-detail-bloomberg.md) | -11.0% | -7.4% |
| WTI | 2025-02-05 | [MEED \| Opec+ decides to adhere to oil production policy](https://feedsoft.ai/events/25947-meed-opec-decides-to-adhere-to-oil-production-policy.md) | +0.9% | -8.8% |
| WTI | 2026-06-08 | [Opec+ raises July oil production quotas amid supply concerns \| Malay Mail](https://feedsoft.ai/events/18720-opec-raises-july-oil-production-quotas-amid-supply-concerns-malay-mail.md) | -6.1% | -25.6% |
| BRENT | 2025-02-27 | [OPEC+ Rethinking Oil Production Rampup After Trump Complications \| OilPrice.com](https://feedsoft.ai/events/25945-opec-rethinking-oil-production-rampup-after-trump-complications-oilprice-com.md) | -4.0% | +1.6% |
| BRENT | 2026-06-08 | [OPEC 7 Decide to Boost Production in July \| Rigzone](https://feedsoft.ai/events/18719-opec-7-decide-to-boost-production-in-july-rigzone.md) | -7.5% | -26.2% |
| BRENT | 2023-11-30 | [OPEC+ Production Cuts Fail to Convince Oil Traders Amid Lack of Detail - Bloomberg](https://feedsoft.ai/events/33085-opec-production-cuts-fail-to-convince-oil-traders-amid-lack-of-detail-bloomberg.md) | -10.5% | -5.2% |

## Sources

- oilprice.com: https://oilprice.com/Latest-Energy-News/World-News/Gulf-OPEC-Producers-to-Keep-July-Production-Within-Current-Deal.html

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