# OPEC likely to defer output policy decision until June: sources

> Three OPEC sources said the group was unlikely to decide its output policy in April and expected a June decision. The likely outcome was a rollover of the current cuts, with exempt countries already well below October output levels. The sources said the decision depends on the scope of US sanctions on Iran and Venezuela.

- Date: 2019-03-04 · published 2019-03-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/60019-opec-likely-to-defer-output-policy-decision-until-june-sources
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A likely June rollover signals continued supply restraint, which supports crude prices and the energy costs that feed on them.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-10-30 | [OPEC+ could delay December oil output hike, sources say](https://feedsoft.ai/events/27766-opec-could-delay-december-oil-output-hike-sources-say.md) | +7.2% | +3.6% |
| BRENT | 2024-05-03 | [OPEC+ likely to extend production cuts in June](https://feedsoft.ai/events/30161-opec-likely-to-extend-production-cuts-in-june.md) | -0.8% | -4.4% |
| BRENT | 2017-04-20 | [OPEC output deal likely to be extended, says Al-Falih](https://feedsoft.ai/events/71420-opec-output-deal-likely-to-be-extended-says-al-falih.md) | -3.4% | -1.3% |
| BRENT | 2016-11-30 | [Saudis to cut oil output by 0.5 million bpd in OPEC deal: source](https://feedsoft.ai/events/73785-saudis-to-cut-oil-output-by-0-5-million-bpd-in-opec-deal-source.md) | +16.7% | +22.1% |
| BRENT | 2024-09-04 | [OPEC+ discussing delay to planned oil output hike in October, sources say \| Reuters](https://feedsoft.ai/events/11570-opec-discussing-delay-to-planned-oil-output-hike-in-october-sources-say-reuters.md) | -7.1% | -0.9% |
| WTI | 2024-10-30 | [OPEC+ could delay December oil output hike, sources say](https://feedsoft.ai/events/27766-opec-could-delay-december-oil-output-hike-sources-say.md) | +7.1% | +2.3% |
| WTI | 2024-05-03 | [OPEC+ likely to extend production cuts in June](https://feedsoft.ai/events/30161-opec-likely-to-extend-production-cuts-in-june.md) | +0.4% | -3.0% |
| WTI | 2017-04-20 | [OPEC output deal likely to be extended, says Al-Falih](https://feedsoft.ai/events/71420-opec-output-deal-likely-to-be-extended-says-al-falih.md) | -2.2% | -2.8% |

## Sources

- zeebiz.com: https://www.zeebiz.com/agencies/opec-likely-to-defer-output-policy-decision-until-june-sources-88700

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