# Today.Az - OPEC supply rebalancing continues to be the primary

> An OANDA analyst says OPEC supply rebalancing remains the main focus ahead of the June 22 OPEC meeting in Vienna, with the market expecting an increase but debating its size. Iran remains a wildcard, as risk premiums have eased but not disappeared. A possible Iranian exit from the nuclear deal could push prices much higher.

- Date: 2018-05-31 · published 2018-05-31T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/64943-today-az-opec-supply-rebalancing-continues-to-be-the-primary
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The size of the OPEC increase at the June meeting will determine whether crude prices soften or stay elevated, which affects energy costs in biofuel and feed supply chains. Iranian risk keeps upside risk to crude in place.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-03-15 | [OPEC's Rebalancing Act](https://feedsoft.ai/events/71899-opec-s-rebalancing-act.md) | +0.6% | +10.4% |
| 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 | 2026-06-08 | [Opec+ raises July oil production quotas amid supply concerns \| Malay Mail](https://feedsoft.ai/events/18720-opec-raises-july-oil-production-quotas-amid-supply-concerns-malay-mail.md) | -7.5% | -26.2% |
| BRENT | 2021-08-27 | [OPEC stays the course on output hikes as oil prices rebound](https://feedsoft.ai/events/45475-opec-stays-the-course-on-output-hikes-as-oil-prices-rebound.md) | +3.6% | +8.6% |
| BRENT | 2022-08-03 | [Opec+ agrees to boost September crude supply by 100,000 bpd amid shifting market dynamics \| The National](https://feedsoft.ai/events/39951-opec-agrees-to-boost-september-crude-supply-by-100-000-bpd-amid-shifting-market.md) | -3.4% | -4.0% |
| WTI | 2017-03-15 | [OPEC's Rebalancing Act](https://feedsoft.ai/events/71899-opec-s-rebalancing-act.md) | -0.6% | +12.6% |
| WTI | 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) | -3.8% | -7.6% |
| WTI | 2026-06-08 | [Opec+ raises July oil production quotas amid supply concerns \| Malay Mail](https://feedsoft.ai/events/18720-opec-raises-july-oil-production-quotas-amid-supply-concerns-malay-mail.md) | -6.1% | -25.6% |

## Sources

- today.az: https://www.today.az/news/business/170628.html

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