# How to Raise Oil Prices Without Really Cutting - Bloomberg

> The IEA and OPEC estimated that global oil supply fell by only about 1.3 to 1.5 million barrels per day in January, a reduction of just over 1 percent. OPEC's forecast indicates that its January output level still leaves global supply above demand in the first quarter.

- Date: 2017-02-13 · published 2017-02-13T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/72409-how-to-raise-oil-prices-without-really-cutting-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

If the cut is small relative to the surplus, it limits the upside for crude prices, which in turn caps biofuel margins and energy-linked feed costs. Markets may view the supply response as insufficient.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-08-03 | [Oil Prices: OPEC+ Agrees to Raise Production Next Month at Much Slower Pace - Bloomberg](https://feedsoft.ai/events/39947-oil-prices-opec-agrees-to-raise-production-next-month-at-much-slower-pace.md) | -3.4% | -4.0% |
| BRENT | 2022-10-31 | [OPEC Says Supply Surplus Was Main Reason for Oil Production Cut - Bloomberg](https://feedsoft.ai/events/39056-opec-says-supply-surplus-was-main-reason-for-oil-production-cut-bloomberg.md) | +4.0% | -12.3% |
| BRENT | 2022-08-01 | [Oil output to see small hike to ease energy prices](https://feedsoft.ai/events/39952-oil-output-to-see-small-hike-to-ease-energy-prices.md) | -11.9% | -8.8% |
| BRENT | 2026-01-04 | [OPEC+ Sticks With Plan to Keep Oil Flow Steady Amid Turmoil - Bloomberg](https://feedsoft.ai/events/20968-opec-sticks-with-plan-to-keep-oil-flow-steady-amid-turmoil-bloomberg.md) | +4.7% | +16.5% |
| BRENT | 2021-12-02 | [Oil prices: OPEC and Russia stick with plans to increase oil output in January \| CNN Business](https://feedsoft.ai/events/43502-oil-prices-opec-and-russia-stick-with-plans-to-increase-oil-output-in-january.md) | +9.7% | +14.1% |
| WTI | 2022-08-03 | [Oil Prices: OPEC+ Agrees to Raise Production Next Month at Much Slower Pace - Bloomberg](https://feedsoft.ai/events/39947-oil-prices-opec-agrees-to-raise-production-next-month-at-much-slower-pace.md) | -4.1% | -4.5% |
| WTI | 2022-10-31 | [OPEC Says Supply Surplus Was Main Reason for Oil Production Cut - Bloomberg](https://feedsoft.ai/events/39056-opec-says-supply-surplus-was-main-reason-for-oil-production-cut-bloomberg.md) | +5.4% | -12.2% |
| WTI | 2022-08-01 | [Oil output to see small hike to ease energy prices](https://feedsoft.ai/events/39952-oil-output-to-see-small-hike-to-ease-energy-prices.md) | -9.5% | -6.9% |

## Sources

- bloomberg.com: https://www.bloomberg.com/view/articles/2017-02-13/how-to-raise-oil-prices-without-really-cutting

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