OPEC+ Seven Nations Decide to Keep Crude Oil Production Unchanged in December

After 175 past neutral policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.

• Mar 9, 2018OPEC+ seven agree to maintain November production levels+1.0%
• Feb 5, 2025MEED | Opec+ decides to adhere to oil production policy+1.2%
• Jun 8, 2026OPEC 7 Decide to Boost Production in July | Rigzone-7.5%
• Dec 4, 2022Algeria says OPEC+ decision to keep output unchanged appropriate-11.4%
• Jan 29, 2024No changes to oil production policy expected at OPEC+ meeting-6.0%

After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.

• Mar 9, 2018OPEC+ seven agree to maintain November production levels+1.7%
• Feb 5, 2025MEED | Opec+ decides to adhere to oil production policy+0.9%
• Jun 8, 2026OPEC 7 Decide to Boost Production in July | Rigzone-6.1%
• Dec 4, 2022Algeria says OPEC+ decision to keep output unchanged appropriate-11.1%
• Jan 29, 2024No changes to oil production policy expected at OPEC+ meeting-7.3%