# OPEC+ Calls Time on Output Cuts — CEESA

> An analysis describes OPEC+ countries deciding to add back volumes from voluntary cuts after years of holding production down. Repeated delays to planned increases are described as complicating the plan. The piece argues that market conditions have not improved enough to justify the cuts.

- Date: 2019-05-28 · published 2019-05-28T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/59243-opec-calls-time-on-output-cuts-ceesa
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Returning barrels to the market adds supply and pressures crude prices lower, which reduces the energy cost advantage for biofuels and lowers diesel costs for feed logistics.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-10-08 | [Too early to debate more output cuts: OPEC head](https://feedsoft.ai/events/56471-too-early-to-debate-more-output-cuts-opec-head.md) | +0.3% | +5.8% |
| 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 | 2023-12-04 | [Oil falls on doubts OPEC+ will make further cuts](https://feedsoft.ai/events/32910-oil-falls-on-doubts-opec-will-make-further-cuts.md) | -3.7% | -3.5% |
| BRENT | 2026-08-02 | [OPEC, Allies Increase Oil Output for Sixth Time in a Row - WSJ](https://feedsoft.ai/events/17820-opec-allies-increase-oil-output-for-sixth-time-in-a-row-wsj.md) | -8.5% | -4.2% |
| WTI | 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) | +1.1% | +5.9% |
| WTI | 2019-10-08 | [Too early to debate more output cuts: OPEC head](https://feedsoft.ai/events/56471-too-early-to-debate-more-output-cuts-opec-head.md) | +1.6% | +6.9% |
| 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

- ceesa.utexas.edu: https://www.ceesa.utexas.edu/insights/blog-post-opec-calls-time-on-output-cuts

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