# OPEC not to change oil output on Iran,Venezuela instability - Mubasher Info

> OPEC said it would not increase oil production unless the crisis in Iran or Venezuela caused a significant and sustained shortfall. Venezuela's output was near a 30-year low, while Iran's political unrest had pushed prices higher without affecting production.

- Date: 2018-01-08 · published 2018-01-08T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/66900-opec-not-to-change-oil-output-on-iran-venezuela-instability-mubasher-info
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The group's stance means no supply response to Iran or Venezuela disruptions, which keeps crude prices supported and raises input costs.

## Read by commodity

- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-04-01 | [OPEC oil output hits four-year low on Saudi cuts, Venezuela blackouts](https://feedsoft.ai/events/59501-opec-oil-output-hits-four-year-low-on-saudi-cuts-venezuela-blackouts.md) | +2.9% | +5.1% |
| BRENT | 2018-09-23 | [OPEC, non-OPEC panel unlikely to recommend further oil output hike:](https://feedsoft.ai/events/62933-opec-non-opec-panel-unlikely-to-recommend-further-oil-output-hike.md) | +4.9% | +1.6% |
| BRENT | 2026-01-30 | [Oil needs an Iran supply shock, not tough talk, to break out of range \| Reuters](https://feedsoft.ai/events/21228-oil-needs-an-iran-supply-shock-not-tough-talk-to-break-out-of-range-reuters.md) | -3.0% | +0.5% |
| BRENT | 2026-09-06 | [OPEC+ keeps oil output policy unchanged for October](https://feedsoft.ai/events/17378-opec-keeps-oil-output-policy-unchanged-for-october.md) | +12.0% | +18.6% |
| BRENT | 2025-02-27 | [Oil climbs more than 2% after Trump cancels Chevron's Venezuela licence](https://feedsoft.ai/events/26207-oil-climbs-more-than-2-after-trump-cancels-chevron-s-venezuela-licence.md) | -4.0% | +1.6% |

## Sources

- english.mubasher.info: https://english.mubasher.info/news/3210185/OPEC-not-to-change-oil-output-on-Iran-Venezuela-instability/%7B%7Bstock.url%7D%7D/

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