# For How Long Will OPEC Extend Production Cuts?

> The article reviews OPEC's production history, from the failed November 2014 meeting through the 2016 framework and the November 2016 agreement that Russia helped shape. It describes how prices fell to $27 in February 2016 and how the cuts were later extended. The piece examines how long the current curbs might last.

- Date: 2017-12-01 · published 2017-12-01T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/68171-for-how-long-will-opec-extend-production-cuts
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expectations for how long OPEC cuts last shape the crude price outlook over the coming year. Sustained higher crude supports biofuel and energy-linked input costs.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-01-04 | [OPEC+ sticks to existing production policy for February](https://feedsoft.ai/events/43064-opec-sticks-to-existing-production-policy-for-february.md) | +2.8% | +16.0% |
| 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 | 2026-10-05 | [OPEC 7 Reveal Production Plan for November](https://feedsoft.ai/events/17058-opec-7-reveal-production-plan-for-november.md) | +0.8% | +8.4% |
| 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 | 2021-10-05 | [OPEC+ maintains its production policy for November – EnergyScan](https://feedsoft.ai/events/44448-opec-maintains-its-production-policy-for-november-energyscan.md) | +3.8% | +8.3% |
| BRENT | 2022-01-04 | [OPEC+ sticks to existing production policy for February](https://feedsoft.ai/events/43064-opec-sticks-to-existing-production-policy-for-february.md) | +3.3% | +16.7% |
| BRENT | 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) | -10.5% | -5.2% |
| BRENT | 2026-10-05 | [OPEC 7 Reveal Production Plan for November](https://feedsoft.ai/events/17058-opec-7-reveal-production-plan-for-november.md) | -0.9% | +2.2% |

## Sources

- forbes.com: https://www.forbes.com/sites/ellenrwald/2017/11/29/november-2017-opec-meeting-preview/

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