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OPEC+ ministers reaffirmed existing agreements capping overall oil production through 2026 after their 40th ministerial meeting. The group approved a mechanism to assess maximum sustainable capacity for 2027 baselines and set the next ministerial meeting for June 7, 2026.
Reaffirmed output limits through 2026 keep supply growth constrained, which offers some support to crude prices. The effect on feed costs is indirect and modest.
tass.comNov 30, 2025After 63 past neutral geopolitics events, Crude Oil (Brent) moved a median -0.5% over 5 sessions (44% higher; middle half -4.4% to +2.6%), and -2.7% over 20.
After 60 past neutral geopolitics events, Crude Oil (WTI) moved a median -0.9% over 5 sessions (43% higher; middle half -4.7% to +2.3%), and -1.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
