Source: https://mochatrade.com/learn/glossary/opec-plus

# OPEC+
URL: https://mochatrade.com/learn/glossary/opec-plus
Last modified: 2026-10-17

OPEC+ is OPEC's members plus Russia and other producers, agreeing output quotas: the one cartel that moves a global price. Its monthly report and [the IEA report land in the same week](https://mochatrade.com/blog/mocha-markets-weekly-12-oct), decisions sometimes come [when most of the oil market is shut](https://mochatrade.com/learn), and oil reaches [US inflation](https://mochatrade.com/learn/us-market-structure/us-inflation-explained).

## Related terms

- IEA: https://mochatrade.com/learn/glossary/iea
- Crude oil (WTI vs Brent): https://mochatrade.com/learn/glossary/crude-oil
- Strait of Hormuz: https://mochatrade.com/learn/glossary/strait-of-hormuz
- Crack spread: https://mochatrade.com/learn/glossary/crack-spread
- MCX vs COMEX: https://mochatrade.com/learn/glossary/mcx-vs-comex
- Index futures (E-mini S&P 500): https://mochatrade.com/learn/glossary/index-futures

Educational content only. Not investment advice. Leveraged products magnify losses as well as gains.