# Opec+ reaffirms commitment to market stability

> Eight Opec+ countries reaffirmed a decision to pause production increases in February and March 2026 for seasonal reasons. They said 1.65 million bpd of voluntary cuts could be returned gradually depending on market conditions. The group will meet monthly to review conformity and compensation.

- Date: 2018-03-09 · published 2018-03-09T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/65931-opec-reaffirms-commitment-to-market-stability
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A pause in output increases keeps crude supply tighter than it otherwise would be, which is mildly supportive for energy and diesel prices. The conditional nature of the return limits the near-term price effect.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-05 | [OPEC+ states adjust production, reaffirm commitment to market stability - Shana](https://feedsoft.ai/events/19613-opec-states-adjust-production-reaffirm-commitment-to-market-stability-shana.md) | -9.7% | -4.1% |
| BRENT | 2024-01-04 | [OPEC reaffirms commitment to market stability, convenes first ministerial meeting of 2024](https://feedsoft.ai/events/32036-opec-reaffirms-commitment-to-market-stability-convenes-first-ministerial.md) | -0.1% | +6.0% |
| BRENT | 2026-06-07 | [Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman Adjust Production and Reaffirm Commitment to Market Stability](https://feedsoft.ai/events/18717-saudi-arabia-russia-iraq-kuwait-kazakhstan-algeria-and-oman-adjust-production.md) | -7.5% | -26.2% |
| BRENT | 2020-09-16 | [Opec+ set to review compliance amid heightened oil market fragility \| The National](https://feedsoft.ai/events/51059-opec-set-to-review-compliance-amid-heightened-oil-market-fragility-the-national.md) | +3.1% | +4.6% |
| BRENT | 2017-06-02 | [Oil market to OPEC: Show me the data](https://feedsoft.ai/events/70393-oil-market-to-opec-show-me-the-data.md) | -6.5% | -6.3% |
| WTI | 2026-04-05 | [OPEC+ states adjust production, reaffirm commitment to market stability - Shana](https://feedsoft.ai/events/19613-opec-states-adjust-production-reaffirm-commitment-to-market-stability-shana.md) | -13.2% | -7.5% |
| WTI | 2024-01-04 | [OPEC reaffirms commitment to market stability, convenes first ministerial meeting of 2024](https://feedsoft.ai/events/32036-opec-reaffirms-commitment-to-market-stability-convenes-first-ministerial.md) | -1.9% | +1.8% |
| WTI | 2026-06-07 | [Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman Adjust Production and Reaffirm Commitment to Market Stability](https://feedsoft.ai/events/18717-saudi-arabia-russia-iraq-kuwait-kazakhstan-algeria-and-oman-adjust-production.md) | -6.1% | -25.6% |

## Sources

- tradearabia.com: https://www.tradearabia.com/News/331946/Opec-reaffirms-commitment-to-market-stability

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