Russia Remains Undecided on OPEC Output Deal

After 175 past neutral policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.

• Jan 29, 2025Kazakhstan to decide on oil output cuts after OPEC+ meeting | Reuters-1.7%
• Feb 1, 2023OPEC+ keeps output steady amid uncertainty on China and Russia-0.8%
• Jul 5, 2025Russia says low global oil stockpiles prompted OPEC+ to hike output+2.2%
• Mar 6, 2020OPEC output cut deal falls apart as Russia resists, sending oil prices into tailspin - The Express Tribune-36.6%
• Feb 6, 2020Russia drags its feet on deeper oil output cuts sought by OPEC+ | Coronavirus pandemic | Al Jazeera+0.6%

After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.

• Jan 29, 2025Kazakhstan to decide on oil output cuts after OPEC+ meeting | Reuters-1.5%
• Feb 1, 2023OPEC+ keeps output steady amid uncertainty on China and Russia-2.2%
• Jul 5, 2025Russia says low global oil stockpiles prompted OPEC+ to hike output+2.4%
• Mar 6, 2020OPEC output cut deal falls apart as Russia resists, sending oil prices into tailspin - The Express Tribune-31.3%
• Feb 6, 2020Russia drags its feet on deeper oil output cuts sought by OPEC+ | Coronavirus pandemic | Al Jazeera+0.6%