
The 37th OPEC and non-OPEC Ministerial Meeting in Vienna on June 2, 2024 extended group-wide crude production levels through 2025. It also granted the UAE a higher 2025 reference production level of 3.519 million barrels per day, phased in from January to September 2025.
Total OPEC+ cuts were put at 5.86 million barrels per day.
The UAE quota increase adds some future supply, partly offsetting the extended cuts. Overall the decision keeps the market tighter than it would otherwise be, which supports crude prices.
Tras 442 eventos alcista de política pasados, Petróleo crudo (Brent) se movió una mediana de +1,4 % en 5 sesiones (60% al alza; mitad central entre -2,0 % y +4,9 %), y +2,1 % en 20.
Tras 438 eventos alcista de política pasados, Petróleo crudo (WTI) se movió una mediana de +0,9 % en 5 sesiones (61% al alza; mitad central entre -2,2 % y +4,6 %), y +2,0 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Reports the June 2 ministerial outcome extending group-wide production levels through 2025 and raising the UAE's 2025 baseline, adding to the perceived supply outlook.