Opec, non-Opec producers roll over output restraint deal for nine months to curb glut

After 210 past bearish policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.

• May 25, 2017OPEC and non-OPEC members agree to extend production cuts for nine months-7.0%
• Aug 1, 2020What to expect as Opec+ tapers its historic output deal | The National+2.4%
• May 31, 2025Opec+ decided on July output hike to punish over-producers | AGBI+4.9%
• Sep 7, 2025Opec+ agrees another rise in oil output for October | The National+3.4%
• Mar 31, 2022Opec+ sticks to output rise plans for May as US announces release of record oil reserves | The National-11.9%

After 215 past bearish policy events, Crude Oil (WTI) moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.

• May 25, 2017OPEC and non-OPEC members agree to extend production cuts for nine months-5.4%
• Aug 1, 2020What to expect as Opec+ tapers its historic output deal | The National+2.5%
• May 31, 2025Opec+ decided on July output hike to punish over-producers | AGBI+6.2%
• Sep 7, 2025Opec+ agrees another rise in oil output for October | The National+1.3%
• Mar 31, 2022Opec+ sticks to output rise plans for May as US announces release of record oil reserves | The National-10.6%