Loading…
OPEC and allies agreed to keep oil output levels unchanged through the end of 2026 at their 40th ministerial meeting. Members endorsed a new mechanism to assess national production capacities that will set 2027 quotas, and empowered the JMMC to meet every two months.
Unchanged output targets through 2026 cap supply growth amid glut concerns, which provides some price support for crude. Energy costs feed into freight and processing costs for feed buyers.
oilprice.comTom KoolNov 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.
