# Oil beyond 2018: what lies ahead for 'Super Opec' | The National

> The UAE energy minister, who chairs OPEC, has said plans are underway for a longer-term OPEC supergroup with Russia and other producers beyond the end-2018 expiry of the cut deal. The analysis outlines the challenges such a group would face.

- Date: 2018-02-27 · published 2018-02-27T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/66430-oil-beyond-2018-what-lies-ahead-for-super-opec-the-national
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A formal long-term alliance would support management of supply and help keep prices above recent lows. The effect on prices depends on whether the group is formalised.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-06-07 | [OPEC+ to Boost Oil Output Again: What the Latest Production Hike Means for the UAE and Global Prices](https://feedsoft.ai/events/18723-opec-to-boost-oil-output-again-what-the-latest-production-hike-means-for-the.md) | -6.1% | -25.6% |
| WTI | 2022-06-30 | [Opec+ sticks to output plans for August amid tight supply and price volatility  \| The National](https://feedsoft.ai/events/40839-opec-sticks-to-output-plans-for-august-amid-tight-supply-and-price-volatility.md) | -6.3% | -11.5% |
| WTI | 2017-05-28 | [Vienna Was A Bust: What’s Next For OPEC? \| OilPrice.com](https://feedsoft.ai/events/71158-vienna-was-a-bust-what-s-next-for-opec-oilprice-com.md) | -4.5% | -12.8% |
| WTI | 2020-12-03 | [Here’s What OPEC And Its Allies Agreed Upon On Oil Production](https://feedsoft.ai/events/49560-here-s-what-opec-and-its-allies-agreed-upon-on-oil-production.md) | +0.5% | +7.0% |
| WTI | 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) | +3.3% | +4.7% |
| BRENT | 2026-06-07 | [OPEC+ to Boost Oil Output Again: What the Latest Production Hike Means for the UAE and Global Prices](https://feedsoft.ai/events/18723-opec-to-boost-oil-output-again-what-the-latest-production-hike-means-for-the.md) | -7.5% | -26.2% |
| BRENT | 2022-06-30 | [Opec+ sticks to output plans for August amid tight supply and price volatility  \| The National](https://feedsoft.ai/events/40839-opec-sticks-to-output-plans-for-august-amid-tight-supply-and-price-volatility.md) | -11.8% | -8.8% |
| BRENT | 2017-05-28 | [Vienna Was A Bust: What’s Next For OPEC? \| OilPrice.com](https://feedsoft.ai/events/71158-vienna-was-a-bust-what-s-next-for-opec-oilprice-com.md) | -4.5% | -12.9% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/energy/oil-beyond-2018-what-lies-ahead-for-super-opec-1.707806

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