For How Long Will OPEC Extend Production Cuts?

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

• Jan 4, 2022OPEC+ sticks to existing production policy for February+2.8%
• Nov 30, 2023OPEC+ opts for 'voluntary cuts' in oil production, invites Brazil to join - EFE-11.0%
• Oct 5, 2026OPEC 7 Reveal Production Plan for November+0.8%
• Mar 16, 2023OPEC to wait for calmer financial markets before making oil production cut decision+4.9%
• Oct 5, 2021OPEC+ maintains its production policy for November – EnergyScan+3.8%

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

• Jan 4, 2022OPEC+ sticks to existing production policy for February+3.3%
• Nov 30, 2023OPEC+ opts for 'voluntary cuts' in oil production, invites Brazil to join - EFE-10.5%
• Oct 5, 2026OPEC 7 Reveal Production Plan for November-0.9%
• Mar 16, 2023OPEC to wait for calmer financial markets before making oil production cut decision+3.2%
• Oct 31, 2022OPEC Says Supply Surplus Was Main Reason for Oil Production Cut - Bloomberg+4.0%