# Opec+ JMMC ends with no recommendation | Latest Market News

> The OPEC+ Joint Ministerial Monitoring Committee ended its meeting with no recommendation on crude production beyond the decisions of the previous month. It did not discuss rising output from Libya or possible Iranian supply, and it stressed the need to accelerate market rebalancing and make up past compensation shortfalls.

- Date: 2021-02-03 · published 2021-02-03T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/48550-opec-jmmc-ends-with-no-recommendation-latest-market-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

With no change to policy, the existing quota framework stays in place and the market keeps its supply restraint. Excess output by some members is a risk to future supply, but it is not an immediate price driver.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| BRENT | 2018-08-21 | [Analysis: OPEC weighs next move with oil market fundamentals hazy](https://feedsoft.ai/events/63438-analysis-opec-weighs-next-move-with-oil-market-fundamentals-hazy.md) | +5.1% | +9.0% |
| BRENT | 2020-10-19 | [Oil ends lower even as OPEC+ committee reiterates output-cut pledge - MarketWatch](https://feedsoft.ai/events/50800-oil-ends-lower-even-as-opec-committee-reiterates-output-cut-pledge-marketwatch.md) | -2.1% | +0.0% |
| BRENT | 2017-06-05 | [OPEC negotiates oil cut with non-members \| The Economic Times](https://feedsoft.ai/events/70398-opec-negotiates-oil-cut-with-non-members-the-economic-times.md) | -3.7% | -3.5% |
| BRENT | 2024-03-25 | [Indonesia targets 50pc biodiesel blend in 2026 \| Latest Market News](https://feedsoft.ai/events/15658-indonesia-targets-50pc-biodiesel-blend-in-2026-latest-market-news.md) | +1.9% | +2.3% |
| 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 | 2018-08-21 | [Analysis: OPEC weighs next move with oil market fundamentals hazy](https://feedsoft.ai/events/63438-analysis-opec-weighs-next-move-with-oil-market-fundamentals-hazy.md) | +4.7% | +5.1% |
| WTI | 2020-10-19 | [Oil ends lower even as OPEC+ committee reiterates output-cut pledge - MarketWatch](https://feedsoft.ai/events/50800-oil-ends-lower-even-as-opec-committee-reiterates-output-cut-pledge-marketwatch.md) | -2.4% | -1.9% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2183422-opec-jmmc-ends-with-no-recommendation

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