# OPEC in no rush on deeper oil output cut, to look at in July

> OPEC delegates said the group will not rush into a deeper oil output cut or end exemptions for Nigeria and Libya. Any further steps are likely to be considered at a July 24 meeting in Russia of the monitoring ministers, with the full group meeting in November.

- Date: 2017-06-27 · published 2017-06-27T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/70392-opec-in-no-rush-on-deeper-oil-output-cut-to-look-at-in-july
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A delayed deeper cut leaves more supply in the market, which weighs on crude prices. Lower crude tends to pressure diesel and biofuel-linked costs for feed and livestock operations.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-03-27 | [OPEC, non-OPEC to look at extending oil-output cut by six months](https://feedsoft.ai/events/71897-opec-non-opec-to-look-at-extending-oil-output-cut-by-six-months.md) | +4.2% | +0.3% |
| BRENT | 2018-03-09 | [Opec+ likely to raise July oil output by 188,000 bpd](https://feedsoft.ai/events/65930-opec-likely-to-raise-july-oil-output-by-188-000-bpd.md) | +1.0% | +4.8% |
| BRENT | 2025-05-31 | [Opec+ decided on July output hike to punish over-producers \| AGBI](https://feedsoft.ai/events/24131-opec-decided-on-july-output-hike-to-punish-over-producers-agbi.md) | +4.9% | +7.0% |
| BRENT | 2020-12-01 | [Oil slides as OPEC+ delays decision on output cuts](https://feedsoft.ai/events/49561-oil-slides-as-opec-delays-decision-on-output-cuts.md) | +3.2% | +7.5% |
| BRENT | 2025-11-01 | [Oil settles lower as OPEC plans to increase oil output](https://feedsoft.ai/events/22562-oil-settles-lower-as-opec-plans-to-increase-oil-output.md) | -2.4% | -2.5% |
| WTI | 2017-03-27 | [OPEC, non-OPEC to look at extending oil-output cut by six months](https://feedsoft.ai/events/71897-opec-non-opec-to-look-at-extending-oil-output-cut-by-six-months.md) | +6.4% | +3.1% |
| WTI | 2018-03-09 | [Opec+ likely to raise July oil output by 188,000 bpd](https://feedsoft.ai/events/65930-opec-likely-to-raise-july-oil-output-by-188-000-bpd.md) | +1.7% | +3.2% |
| WTI | 2025-05-31 | [Opec+ decided on July output hike to punish over-producers \| AGBI](https://feedsoft.ai/events/24131-opec-decided-on-july-output-hike-to-punish-over-producers-agbi.md) | +6.2% | +7.6% |

## Sources

- hydrocarbonprocessing.com: https://www.hydrocarbonprocessing.com/news/2017/06/opec-in-no-rush-on-deeper-oil-output-cut-to-look-at-in-july/

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