# Russia Remains Undecided on OPEC Output Deal | Egypt Oil & Gas

> Russia has not made a final decision on extending the OPEC-led production cut agreement, with Energy Minister Alexander Novak saying it is too early to choose options. OPEC and allies will hold a summit on June 25-26 to decide on an extension.

- Date: 2019-04-21 · published 2019-04-21T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/59507-russia-remains-undecided-on-opec-output-deal-egypt-oil-and-gas
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Russia's undecided stance adds uncertainty to whether supply curbs continue, which could either support or weaken crude prices in the coming months.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-01-29 | [Kazakhstan to decide on oil output cuts after OPEC+ meeting \| Reuters](https://feedsoft.ai/events/26426-kazakhstan-to-decide-on-oil-output-cuts-after-opec-meeting-reuters.md) | -1.7% | -6.0% |
| BRENT | 2023-02-01 | [OPEC+ keeps output steady amid uncertainty on China and Russia](https://feedsoft.ai/events/37228-opec-keeps-output-steady-amid-uncertainty-on-china-and-russia.md) | -0.8% | -0.5% |
| BRENT | 2025-07-05 | [Russia says low global oil stockpiles prompted OPEC+ to hike output](https://feedsoft.ai/events/23675-russia-says-low-global-oil-stockpiles-prompted-opec-to-hike-output.md) | +2.2% | +0.7% |
| BRENT | 2020-03-06 | [OPEC output cut deal falls apart as Russia resists, sending oil prices into tailspin - The Express Tribune](https://feedsoft.ai/events/54052-opec-output-cut-deal-falls-apart-as-russia-resists-sending-oil-prices-into.md) | -36.6% | -51.4% |
| BRENT | 2020-02-06 | [Russia drags its feet on deeper oil output cuts sought by OPEC+ \| Coronavirus pandemic \| Al Jazeera](https://feedsoft.ai/events/54531-russia-drags-its-feet-on-deeper-oil-output-cuts-sought-by-opec-coronavirus.md) | +0.6% | -6.9% |
| WTI | 2025-01-29 | [Kazakhstan to decide on oil output cuts after OPEC+ meeting \| Reuters](https://feedsoft.ai/events/26426-kazakhstan-to-decide-on-oil-output-cuts-after-opec-meeting-reuters.md) | -1.5% | -7.1% |
| WTI | 2023-02-01 | [OPEC+ keeps output steady amid uncertainty on China and Russia](https://feedsoft.ai/events/37228-opec-keeps-output-steady-amid-uncertainty-on-china-and-russia.md) | -2.2% | -1.7% |
| WTI | 2025-07-05 | [Russia says low global oil stockpiles prompted OPEC+ to hike output](https://feedsoft.ai/events/23675-russia-says-low-global-oil-stockpiles-prompted-opec-to-hike-output.md) | +2.4% | +0.7% |

## Sources

- egyptoil-gas.com: https://egyptoil-gas.com/news/russia-remains-undecided-on-opec-output-deal/

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