# OPEC - JMMC reaffirmed their commitment to the... - Europétrole

> The OPEC Joint Ministerial Monitoring Committee met by videoconference on 1 February 2023, reviewed November and December production data, and reaffirmed commitment to the Declaration of Cooperation through end-2023. The next meeting is set for 3 April 2023.

- Date: 2023-01-02 · published 2023-01-02T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/37686-opec-jmmc-reaffirmed-their-commitment-to-the-europetrole
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Reaffirmed compliance with output cuts signals continued supply restraint, which tends to support crude prices and energy input costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-03-07 | [OPEC - The 6th OPEC and non-OPEC Ministerial... - Europétrole](https://feedsoft.ai/events/60015-opec-the-6th-opec-and-non-opec-ministerial-europetrole.md) | +2.3% | +6.2% |
| BRENT | 2019-03-19 | [OPEC+ affirms commitment to oil cuts, defers decision to extend curbs](https://feedsoft.ai/events/60017-opec-affirms-commitment-to-oil-cuts-defers-decision-to-extend-curbs.md) | +0.3% | +5.9% |
| BRENT | 2016-12-12 | [OPEC - OPEC and non-OPEC Ministerial Meeting - Europétrole](https://feedsoft.ai/events/73377-opec-opec-and-non-opec-ministerial-meeting-europetrole.md) | +2.7% | +0.3% |
| BRENT | 2016-12-01 | [After OPEC deal, oil expected to rally - for the moment](https://feedsoft.ai/events/9703-after-opec-deal-oil-expected-to-rally-for-the-moment.md) | +6.6% | +12.9% |
| BRENT | 2020-02-09 | [Opec+ technical committee recommends extending cuts until year-end \| The National](https://feedsoft.ai/events/54529-opec-technical-committee-recommends-extending-cuts-until-year-end-the-national.md) | +5.2% | -16.6% |
| WTI | 2019-03-07 | [OPEC - The 6th OPEC and non-OPEC Ministerial... - Europétrole](https://feedsoft.ai/events/60015-opec-the-6th-opec-and-non-opec-ministerial-europetrole.md) | +3.6% | +11.1% |
| WTI | 2019-03-19 | [OPEC+ affirms commitment to oil cuts, defers decision to extend curbs](https://feedsoft.ai/events/60017-opec-affirms-commitment-to-oil-cuts-defers-decision-to-extend-curbs.md) | -0.6% | +7.3% |
| WTI | 2016-12-12 | [OPEC - OPEC and non-OPEC Ministerial Meeting - Europétrole](https://feedsoft.ai/events/73377-opec-opec-and-non-opec-ministerial-meeting-europetrole.md) | +0.8% | -1.3% |

## Sources

- euro-petrole.com: https://www.euro-petrole.com/jmmc-reaffirmed-their-commitment-to-the-doc-which-extends-to-the-end-of-2023-as-agreed-in-the-33rd-opec-and-non-opec-ministerial-meeting-onomm-on-5th-of-october-2022-n-i-25116

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