# OPEC ready to extend Vienna agreement without Russia's support | Report.az

> Angolan Oil Minister José Maria Botelho de Vasconcelos said OPEC may extend its production cut agreement even if Russia declines to join. Brent fell about 2 percent to $51.40 a barrel after his remarks, and the article notes a possible drop below $50.

- Date: 2017-04-27 · published 2017-04-27T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/71423-opec-ready-to-extend-vienna-agreement-without-russia-s-support-report-az
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Uncertainty over Russian participation raises the risk that the cut is weaker than planned, which could push crude prices lower.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-06-30 | [OPEC and Russia likely to ease output cuts in August – Reuters — Octa](https://feedsoft.ai/events/52792-opec-and-russia-likely-to-ease-output-cuts-in-august-reuters-octa.md) | +3.0% | +4.2% |
| BRENT | 2020-03-06 | [Russia ‘playing with fire’ as OPEC+ talks collapse \| OPEC \| Al Jazeera](https://feedsoft.ai/events/54051-russia-playing-with-fire-as-opec-talks-collapse-opec-al-jazeera.md) | -36.6% | -51.4% |
| BRENT | 2020-07-15 | [OPEC agrees to ease oil output cut to 7.7 mbpd in Aug.](https://feedsoft.ai/events/52009-opec-agrees-to-ease-oil-output-cut-to-7-7-mbpd-in-aug.md) | +3.2% | +2.7% |
| BRENT | 2026-02-01 | [OPEC+ agrees to keep oil output unchanged](https://feedsoft.ai/events/8797-opec-agrees-to-keep-oil-output-unchanged.md) | -3.1% | +0.6% |
| BRENT | 2020-03-08 | [Saudi Arabia slashes April oil selling prices as OPEC+ fails to extend output curbs](https://feedsoft.ai/events/4424-saudi-arabia-slashes-april-oil-selling-prices-as-opec-fails-to-extend-output.md) | -27.3% | -36.6% |
| WTI | 2020-06-30 | [OPEC and Russia likely to ease output cuts in August – Reuters — Octa](https://feedsoft.ai/events/52792-opec-and-russia-likely-to-ease-output-cuts-in-august-reuters-octa.md) | +2.3% | +3.2% |
| WTI | 2020-03-06 | [Russia ‘playing with fire’ as OPEC+ talks collapse \| OPEC \| Al Jazeera](https://feedsoft.ai/events/54051-russia-playing-with-fire-as-opec-talks-collapse-opec-al-jazeera.md) | -31.3% | -45.0% |
| WTI | 2020-07-15 | [OPEC agrees to ease oil output cut to 7.7 mbpd in Aug.](https://feedsoft.ai/events/52009-opec-agrees-to-ease-oil-output-cut-to-7-7-mbpd-in-aug.md) | +3.8% | +3.1% |

## Sources

- report.az: https://report.az/en/energy/opec-ready-to-extend-vienna-agreement-without-russia-s-support

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