# 40th OPEC and non-OPEC Ministerial Meeting

> OPEC and non-OPEC participating countries reaffirmed the Declaration of Cooperation and the overall crude production level agreed at the 38th ministerial meeting, extending it through 31 December 2026. They approved a mechanism to assess members' maximum sustainable capacity to set 2027 baselines and scheduled the next ministerial meeting for June 2026.

- Date: 2025-11-30 · published 2025-11-30T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/21869-40th-opec-and-non-opec-ministerial-meeting
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Holding overall output steady through 2026 signals no near-term supply increase from the group, which partially offsets concerns about a looming global glut. Oil price impact is modest since the decision largely confirms existing policy.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2023-02-13 | [UAE energy minister: no need for early OPEC+ meeting](https://feedsoft.ai/events/37490-uae-energy-minister-no-need-for-early-opec-meeting.md) | -4.0% | -3.9% |
| BRENT | 2020-01-23 | [Opec+  to discuss all options at March meeting, Saudi energy minister says \| The National](https://feedsoft.ai/events/54973-opec-to-discuss-all-options-at-march-meeting-saudi-energy-minister-says-the.md) | -4.8% | -5.2% |
| BRENT | 2020-11-30 | [Opec set for annual meeting to discuss next phase of oil production policy \| The National](https://feedsoft.ai/events/50063-opec-set-for-annual-meeting-to-discuss-next-phase-of-oil-production-policy-the.md) | +3.5% | +7.0% |
| BRENT | 2023-01-30 | [Putin, MBS Discuss Oil Strategy Ahead Of OPEC+ Meeting \| OilPrice.com](https://feedsoft.ai/events/37949-putin-mbs-discuss-oil-strategy-ahead-of-opec-meeting-oilprice-com.md) | -7.7% | -3.8% |
| BRENT | 2020-10-19 | [OPEC Meeting Ends Without Firm Decision On Output Cuts \| OilPrice.com](https://feedsoft.ai/events/50550-opec-meeting-ends-without-firm-decision-on-output-cuts-oilprice-com.md) | -2.1% | +0.0% |
| WTI | 2023-02-13 | [UAE energy minister: no need for early OPEC+ meeting](https://feedsoft.ai/events/37490-uae-energy-minister-no-need-for-early-opec-meeting.md) | -4.3% | -6.3% |
| WTI | 2020-01-23 | [Opec+  to discuss all options at March meeting, Saudi energy minister says \| The National](https://feedsoft.ai/events/54973-opec-to-discuss-all-options-at-march-meeting-saudi-energy-minister-says-the.md) | -6.1% | -5.3% |
| WTI | 2020-11-30 | [Opec set for annual meeting to discuss next phase of oil production policy \| The National](https://feedsoft.ai/events/50063-opec-set-for-annual-meeting-to-discuss-next-phase-of-oil-production-policy-the.md) | +1.5% | +4.3% |

## Sources

- moenergy.gov.sa: https://www.moenergy.gov.sa/en/media-center/news/40th-opec-nonopec-ministerial-meeting

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