# With Russia Cold To Cuts And Libya On Fire, OPEC Supply Squeeze May End | Investing.com

> Saudi Energy Minister Khalid al-Falih said it was premature to know whether OPEC+ members agree to extend supply cuts, with a meeting next month key to the decision. Russia's reluctance and Libyan supply disruptions are cited as reasons the cut pact may not last.

- Date: 2019-04-09 · published 2019-04-09T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/59504-with-russia-cold-to-cuts-and-libya-on-fire-opec-supply-squeeze-may-end
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Uncertainty over whether the OPEC+ cuts will be extended raises the risk of higher supply and lower crude prices later in the year, which would ease energy and biofuel input costs.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-09-11 | [Saudi Arabia and Russia call for OPEC+ cohesiveness with supply cuts](https://feedsoft.ai/events/57006-saudi-arabia-and-russia-call-for-opec-cohesiveness-with-supply-cuts.md) | +2.4% | -8.4% |
| BRENT | 2019-08-22 | [OPEC's market share sinks - and no sign of wavering on supply cuts](https://feedsoft.ai/events/57501-opec-s-market-share-sinks-and-no-sign-of-wavering-on-supply-cuts.md) | +0.0% | +5.8% |
| BRENT | 2026-01-26 | [OPEC+ Likely to Stick With Supply Pause in March, Delegates Say - Bloomberg](https://feedsoft.ai/events/20970-opec-likely-to-stick-with-supply-pause-in-march-delegates-say-bloomberg.md) | +6.6% | +7.8% |
| BRENT | 2019-05-01 | [Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply](https://feedsoft.ai/events/59238-oil-prices-mixed-as-talk-of-extending-opec-cuts-faces-rising-u-s-supply.md) | -2.9% | -3.4% |
| BRENT | 2021-12-02 | [Oil prices: OPEC and Russia stick with plans to increase oil output in January \| CNN Business](https://feedsoft.ai/events/43502-oil-prices-opec-and-russia-stick-with-plans-to-increase-oil-output-in-january.md) | +9.7% | +14.1% |
| WTI | 2019-09-11 | [Saudi Arabia and Russia call for OPEC+ cohesiveness with supply cuts](https://feedsoft.ai/events/57006-saudi-arabia-and-russia-call-for-opec-cohesiveness-with-supply-cuts.md) | +3.3% | -8.3% |
| WTI | 2019-08-22 | [OPEC's market share sinks - and no sign of wavering on supply cuts](https://feedsoft.ai/events/57501-opec-s-market-share-sinks-and-no-sign-of-wavering-on-supply-cuts.md) | +0.2% | +4.5% |
| WTI | 2026-01-26 | [OPEC+ Likely to Stick With Supply Pause in March, Delegates Say - Bloomberg](https://feedsoft.ai/events/20970-opec-likely-to-stick-with-supply-pause-in-march-delegates-say-bloomberg.md) | +6.4% | +9.1% |

## Sources

- investing.com: https://www.investing.com/analysis/with-russia-cold-to-cuts-and-libya-on-fire-opec-supply-squeeze-may-end-200404971

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