# OPEC - 22nd OPEC and non-OPEC Ministerial... - Europétrole

> A notice describes the 22nd OPEC and non-OPEC Ministerial Meeting, held by videoconference, which reaffirmed the Declaration of Cooperation and the production adjustment plan. The meeting approved an upward adjustment of 0.4 mb/d for December 2021 and scheduled the 23rd meeting for 2 December. It also emphasized compliance and compensation for past overproduction.

- Date: 2021-05-11 · published 2021-05-11T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/47014-opec-22nd-opec-and-non-opec-ministerial-europetrole
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A planned upward monthly adjustment signals gradual supply growth, which limits crude price gains. The outcome is largely routine and expected by the market.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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% |
| WTI | 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) | -9.6% | -5.5% |
| WTI | 2024-01-04 | [OPEC reaffirms commitment to market stability, convenes first ministerial meeting of 2024](https://feedsoft.ai/events/32036-opec-reaffirms-commitment-to-market-stability-convenes-first-ministerial.md) | -1.9% | +1.8% |
| 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 | 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% |

## Sources

- euro-petrole.com: https://www.euro-petrole.com/22nd-opec-and-non-opec-ministerial-meeting-concludes-n-i-22971

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