# OPEC - 40th OPEC and non-OPEC Ministerial... - Europétrole

> OPEC and non-OPEC participating countries reaffirmed the production framework of the Declaration of Cooperation and kept total crude output levels in place until December 31, 2026. They also approved a mechanism to assess maximum sustainable capacity for setting 2027 baselines.

- Date: 2025-01-12 · published 2025-01-12T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/26427-opec-40th-opec-and-non-opec-ministerial-europetrole
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Reaffirming existing output levels through 2026 keeps managed supply in place, which supports crude prices over the medium term. Stable energy costs help keep feed input budgets predictable.

## 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 | 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 | 2025-05-28 | [39th OPEC and non-OPEC Ministerial Meeting](https://feedsoft.ai/events/24600-39th-opec-and-non-opec-ministerial-meeting.md) | +3.7% | +6.1% |
| 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 | 2017-03-07 | [Saudi oil minister says no 'free rides' for non-OPEC producers](https://feedsoft.ai/events/71901-saudi-oil-minister-says-no-free-rides-for-non-opec-producers.md) | -8.4% | -5.0% |
| 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 | 2025-05-28 | [39th OPEC and non-OPEC Ministerial Meeting](https://feedsoft.ai/events/24600-39th-opec-and-non-opec-ministerial-meeting.md) | +4.1% | +6.9% |
| 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

- euro-petrole.com: https://www.euro-petrole.com/40th-opec-and-non-opec-ministerial-meeting-n-i-29326

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