# 39th OPEC and non-OPEC Ministerial Meeting

> The 39th OPEC and non-OPEC Ministerial Meeting reaffirmed the overall crude production level agreed in the previous meeting, to be kept until December 31, 2026. Members also reaffirmed the monitoring committee's mandate, which meets every two months, and set the next full ministerial meeting for November 30, 2025. The group also tasked its secretariat with developing a capacity assessment to set 2027 production levels.

- Date: 2025-05-28 · published 2025-05-28T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/24600-39th-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

Keeping the group-wide production ceiling unchanged gives the market a clear framework, which limits the downside from supply uncertainty. The capacity mechanism sets up future production baselines, which matter for medium-term crude price expectations.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2023-05-06 | [OPEC - 35th OPEC and non-OPEC Ministerial... - Europétrole](https://feedsoft.ai/events/35862-opec-35th-opec-and-non-opec-ministerial-europetrole.md) | -1.6% | +1.4% |
| BRENT | 2025-01-12 | [OPEC - 40th OPEC and non-OPEC Ministerial... - Europétrole](https://feedsoft.ai/events/26427-opec-40th-opec-and-non-opec-ministerial-europetrole.md) | +2.7% | -6.4% |
| BRENT | 2021-05-11 | [OPEC - 22nd OPEC and non-OPEC Ministerial... - Europétrole](https://feedsoft.ai/events/47014-opec-22nd-opec-and-non-opec-ministerial-europetrole.md) | +1.6% | +4.9% |
| BRENT | 2020-12-04 | [OPEC holds it 12th Ministerial and non-OPEC Ministerial Meeting – Energy Focus Report](https://feedsoft.ai/events/49557-opec-holds-it-12th-ministerial-and-non-opec-ministerial-meeting-energy-focus.md) | +3.6% | +4.5% |
| BRENT | 2021-02-19 | [Saudi Arabia and Russia at odds before crucial OPEC meeting](https://feedsoft.ai/events/48552-saudi-arabia-and-russia-at-odds-before-crucial-opec-meeting.md) | +4.3% | -2.1% |
| WTI | 2025-01-12 | [OPEC - 40th OPEC and non-OPEC Ministerial... - Europétrole](https://feedsoft.ai/events/26427-opec-40th-opec-and-non-opec-ministerial-europetrole.md) | +1.7% | -5.8% |
| WTI | 2021-05-11 | [OPEC - 22nd OPEC and non-OPEC Ministerial... - Europétrole](https://feedsoft.ai/events/47014-opec-22nd-opec-and-non-opec-ministerial-europetrole.md) | +2.0% | +8.0% |
| WTI | 2020-12-04 | [OPEC holds it 12th Ministerial and non-OPEC Ministerial Meeting – Energy Focus Report](https://feedsoft.ai/events/49557-opec-holds-it-12th-ministerial-and-non-opec-ministerial-meeting-energy-focus.md) | +2.5% | +4.1% |

## Sources

- moenergy.gov.sa: https://www.moenergy.gov.sa/en/media-center/news/39th-opec-nonopec-ministerial-meeting

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