# What Is Likely to Happen at Next OPEC Meeting? | Rigzone

> Analysts from Rigzone's interviews expect OPEC+ to stick to its plans announced at the June meeting, assuming no major changes. The next key meeting is in December, and geopolitics including US elections and Ukraine, Gaza and Iran sanctions could shift the outlook. The base case shows some output unwinding in Q4 2024, then flat output in 2025 at December targets.

- Date: 2024-07-25 · published 2024-07-25T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/29161-what-is-likely-to-happen-at-next-opec-meeting-rigzone
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expectations of planned unwinding in late 2024 and flat output in 2025 imply a more balanced crude market, limiting upside for energy costs. Geopolitical risk remains the main upside factor for prices.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-07-30 | [OPEC+ likely to stick to output policy at Aug 1 JMMC meeting](https://feedsoft.ai/events/29158-opec-likely-to-stick-to-output-policy-at-aug-1-jmmc-meeting.md) | -4.3% | +0.7% |
| BRENT | 2017-08-25 | [OPEC to Invite Libya, Nigeria to Next JMMC Meeting - SIGNAL](https://feedsoft.ai/events/69359-opec-to-invite-libya-nigeria-to-next-jmmc-meeting-signal.md) | +1.3% | +10.0% |
| BRENT | 2024-04-02 | [OPEC+ unlikely to change output policy at panel meeting](https://feedsoft.ai/events/30643-opec-unlikely-to-change-output-policy-at-panel-meeting.md) | +4.9% | +1.9% |
| BRENT | 2019-12-01 | [Five things to watch at this week’s Opec meeting](https://feedsoft.ai/events/55741-five-things-to-watch-at-this-week-s-opec-meeting.md) | +3.1% | +7.7% |
| BRENT | 2023-06-01 | [What have OPEC+ producers said ahead of June oil policy meeting?](https://feedsoft.ai/events/35855-what-have-opec-producers-said-ahead-of-june-oil-policy-meeting.md) | +6.3% | +2.1% |
| WTI | 2024-07-30 | [OPEC+ likely to stick to output policy at Aug 1 JMMC meeting](https://feedsoft.ai/events/29158-opec-likely-to-stick-to-output-policy-at-aug-1-jmmc-meeting.md) | -3.7% | +1.7% |
| WTI | 2024-04-02 | [OPEC+ unlikely to change output policy at panel meeting](https://feedsoft.ai/events/30643-opec-unlikely-to-change-output-policy-at-panel-meeting.md) | +3.2% | -0.7% |
| WTI | 2017-08-25 | [OPEC to Invite Libya, Nigeria to Next JMMC Meeting - SIGNAL](https://feedsoft.ai/events/69359-opec-to-invite-libya-nigeria-to-next-jmmc-meeting-signal.md) | -0.1% | +6.6% |

## Sources

- rigzone.com: https://www.rigzone.com/news/what_is_likely_to_happen_at_next_opec_meeting-25-jul-2024-177521-article/

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