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

> UAE Energy Minister Suhail Al Mazrouei said OPEC and allies could draft a strategy in June to end output cuts if the market is no longer oversupplied. Kuwait said the cuts may end before 2019 if the market rebalances by June, and the UAE described signs of stronger demand growth and moderate US shale growth in 2018.

- Date: 2018-01-01 · published 2018-01-01T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/67414-u-a-e-kuwait-target-june-for-talks-on-phasing-out-oil-cuts
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A possible exit from cuts in 2018 would add supply and pressure crude prices, while the stronger demand signals offset some of that risk.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-01-29 | [Kazakhstan to decide on oil output cuts after OPEC+ meeting \| Reuters](https://feedsoft.ai/events/26426-kazakhstan-to-decide-on-oil-output-cuts-after-opec-meeting-reuters.md) | -1.5% | -7.1% |
| WTI | 2023-03-16 | [OPEC to wait for calmer financial markets before making oil production cut decision](https://feedsoft.ai/events/36771-opec-to-wait-for-calmer-financial-markets-before-making-oil-production-cut.md) | +4.9% | +21.8% |
| WTI | 2023-11-30 | [OPEC+ opts for 'voluntary cuts' in oil production, invites Brazil to join - EFE](https://feedsoft.ai/events/33088-opec-opts-for-voluntary-cuts-in-oil-production-invites-brazil-to-join-efe.md) | -11.0% | -7.4% |
| WTI | 2026-10-04 | [OPEC+ agrees to keep November oil output targets steady](https://feedsoft.ai/events/17059-opec-agrees-to-keep-november-oil-output-targets-steady.md) | +0.8% | +8.4% |
| 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 | 2025-01-29 | [Kazakhstan to decide on oil output cuts after OPEC+ meeting \| Reuters](https://feedsoft.ai/events/26426-kazakhstan-to-decide-on-oil-output-cuts-after-opec-meeting-reuters.md) | -1.7% | -6.0% |
| BRENT | 2023-03-16 | [OPEC to wait for calmer financial markets before making oil production cut decision](https://feedsoft.ai/events/36771-opec-to-wait-for-calmer-financial-markets-before-making-oil-production-cut.md) | +3.2% | +16.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-12-11/u-a-e-kuwait-target-june-for-talks-on-halting-oil-output-cuts

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