# OPEC considers two scenarios to adjust oil production - Mehr News Agency

> OPEC and allied producers were reported to be debating at least two scenarios for raising output beyond current levels. Internal simulations suggested a glut could develop if curbs were relaxed too quickly. No decision was expected until OPEC's next full meeting in June.

- Date: 2019-05-19 · published 2019-05-19T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/59020-opec-considers-two-scenarios-to-adjust-oil-production-mehr-news-agency
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Possible future output increases are a bearish risk for crude, but the glut warning makes a quick increase less likely, leaving prices broadly neutral for now.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-10-04 | [Major oil exporters agree to keep production steady \| AP News](https://feedsoft.ai/events/17057-major-oil-exporters-agree-to-keep-production-steady-ap-news.md) | +0.8% | +8.4% |
| WTI | 2024-01-29 | [No changes to oil production policy expected at OPEC+ meeting](https://feedsoft.ai/events/32041-no-changes-to-oil-production-policy-expected-at-opec-meeting.md) | -7.3% | -0.1% |
| WTI | 2026-04-05 | [OPEC+ states adjust production, reaffirm commitment to market stability - Shana](https://feedsoft.ai/events/19613-opec-states-adjust-production-reaffirm-commitment-to-market-stability-shana.md) | -13.2% | -7.5% |
| 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% |
| BRENT | 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) | +1.2% | -6.2% |
| BRENT | 2026-10-04 | [Major oil exporters agree to keep production steady \| AP News](https://feedsoft.ai/events/17057-major-oil-exporters-agree-to-keep-production-steady-ap-news.md) | -0.9% | +2.2% |
| BRENT | 2024-01-29 | [No changes to oil production policy expected at OPEC+ meeting](https://feedsoft.ai/events/32041-no-changes-to-oil-production-policy-expected-at-opec-meeting.md) | -6.0% | -0.7% |

## Sources

- en.mehrnews.com: https://en.mehrnews.com/news/145462/OPEC-considers-two-scenarios-to-adjust-oil-production

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