U.A.E., Kuwait Target June for Talks on Phasing Out Oil Cuts

After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.

• May 1, 2019Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply-3.8%
• Jan 29, 2025Kazakhstan to decide on oil output cuts after OPEC+ meeting | Reuters-1.5%
• Mar 16, 2023OPEC to wait for calmer financial markets before making oil production cut decision+4.9%
• Nov 30, 2023OPEC+ opts for 'voluntary cuts' in oil production, invites Brazil to join - EFE-11.0%
• Oct 1, 2026OPEC+ agrees to keep November oil output targets steady-2.3%

After 175 past neutral policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.

• May 1, 2019Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply-2.9%
• Jan 29, 2025Kazakhstan to decide on oil output cuts after OPEC+ meeting | Reuters-1.7%
• Mar 16, 2023OPEC to wait for calmer financial markets before making oil production cut decision+3.2%
• Nov 30, 2023OPEC+ opts for 'voluntary cuts' in oil production, invites Brazil to join - EFE-10.5%
• Oct 4, 2026OPEC+ agrees to keep November oil output targets steady-0.9%