# OPEC+ Talks to Offer Clues on Next Phase of Oil Supply Revival - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> OPEC+ ministers are due to meet on Tuesday and are expected to approve output increases scheduled for the next two months. Attention is on the group's plans for bringing back millions of barrels still offline from the pandemic. Analysts cite a supply gap in the second half of the year as demand recovers, balanced against virus risks and Iranian supply prospects.

- Date: 2021-05-31 · published 2021-05-31T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/47013-opec-talks-to-offer-clues-on-next-phase-of-oil-supply-revival-energy-news-top
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Fuel demand recovery in the US and China supports crude prices, while the pace of supply return limits upside. The outcome will set the trend for diesel and energy costs facing feed producers.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-05-31 | [Explainer: Why is OPEC+ Cutting Oil Output? - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/36114-explainer-why-is-opec-cutting-oil-output-energy-news-top-headlines-commentaries.md) | +3.3% | +0.1% |
| WTI | 2023-03-01 | [OPEC+ Shows No Sign of Changing Oil Output at Meeting Next Week - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/36770-opec-shows-no-sign-of-changing-oil-output-at-meeting-next-week-energy-news-top.md) | +2.0% | -4.9% |
| WTI | 2025-01-31 | [OPEC+ Unlikely to Change Output Policy When Panel Meets on Monday, Sources Say - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/26424-opec-unlikely-to-change-output-policy-when-panel-meets-on-monday-sources-say.md) | -2.9% | -4.2% |
| WTI | 2019-05-01 | [Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply](https://feedsoft.ai/events/59238-oil-prices-mixed-as-talk-of-extending-opec-cuts-faces-rising-u-s-supply.md) | -3.8% | -7.6% |
| WTI | 2019-06-01 | [Saudi energy minister recommends driving down oil inventories, says supply plentiful](https://feedsoft.ai/events/59019-saudi-energy-minister-recommends-driving-down-oil-inventories-says-supply.md) | +0.9% | +9.0% |
| BRENT | 2023-05-31 | [Explainer: Why is OPEC+ Cutting Oil Output? - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/36114-explainer-why-is-opec-cutting-oil-output-energy-news-top-headlines-commentaries.md) | +3.8% | -1.9% |
| BRENT | 2023-03-01 | [OPEC+ Shows No Sign of Changing Oil Output at Meeting Next Week - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/36770-opec-shows-no-sign-of-changing-oil-output-at-meeting-next-week-energy-news-top.md) | -0.5% | -6.2% |
| BRENT | 2025-01-31 | [OPEC+ Unlikely to Change Output Policy When Panel Meets on Monday, Sources Say - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/26424-opec-unlikely-to-change-output-policy-when-panel-meets-on-monday-sources-say.md) | -3.5% | -3.4% |

## Sources

- energynow.com: https://energynow.com/2021/05/opec-talks-to-offer-clues-on-next-phase-of-oil-supply-revival/

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