# OPEC + presents market prospects

> OPEC and allies are meeting by videoconference on Tuesday to present crude market prospects and a joint monitoring report. The meeting follows an April 27 agreement on production adjustments for May, June and July. Angola's output targets for those months were also outlined.

- Date: 2021-05-31 · published 2021-05-31T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/47015-opec-presents-market-prospects
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The meeting sets the production path that determines crude supply through July. Routine scheduling of this kind has limited direct price impact unless the outcome changes the plan.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-06-02 | [Oil market to OPEC: Show me the data](https://feedsoft.ai/events/70393-oil-market-to-opec-show-me-the-data.md) | -5.5% | -7.1% |
| WTI | 2018-03-09 | [Opec+ reaffirms commitment to market stability](https://feedsoft.ai/events/65931-opec-reaffirms-commitment-to-market-stability.md) | +1.7% | +3.2% |
| WTI | 2026-04-05 | [OPEC+ states adjust production, reaffirm commitment to market stability - Shana](https://feedsoft.ai/events/19613-opec-states-adjust-production-reaffirm-commitment-to-market-stability-shana.md) | -13.2% | -7.5% |
| WTI | 2019-08-22 | [OPEC's market share sinks - and no sign of wavering on supply cuts](https://feedsoft.ai/events/57501-opec-s-market-share-sinks-and-no-sign-of-wavering-on-supply-cuts.md) | +0.2% | +4.5% |
| WTI | 2021-08-27 | [OPEC+ faces mixed market signals after US pressure to increase oil supplies \| S&P Global](https://feedsoft.ai/events/45474-opec-faces-mixed-market-signals-after-us-pressure-to-increase-oil-supplies-s.md) | +3.9% | +9.9% |
| BRENT | 2017-06-02 | [Oil market to OPEC: Show me the data](https://feedsoft.ai/events/70393-oil-market-to-opec-show-me-the-data.md) | -6.5% | -6.3% |
| BRENT | 2018-03-09 | [Opec+ reaffirms commitment to market stability](https://feedsoft.ai/events/65931-opec-reaffirms-commitment-to-market-stability.md) | +1.0% | +4.8% |
| BRENT | 2026-04-05 | [OPEC+ states adjust production, reaffirm commitment to market stability - Shana](https://feedsoft.ai/events/19613-opec-states-adjust-production-reaffirm-commitment-to-market-stability-shana.md) | -9.7% | -4.1% |

## Sources

- angop.ao: https://angop.ao/en/noticias/economia/opep-apresenta-perspectivas-do-mercado/

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