# The Chairman of the Board of Directors Participates in the 13th OPEC+ Ministerial Meeting - NOC

> Libya's NOC chairman joined the 13th OPEC and non-OPEC Ministerial Meeting held by videoconference on January 4-5, 2021. Members kept most production rates unchanged through March 2021, and Saudi Arabia separately pledged an extra cut of up to 1 million barrels per day in February and March. The next ministerial meeting was set for early March.

- Date: 2021-01-06 · published 2021-01-06T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/49052-the-chairman-of-the-board-of-directors-participates-in-the-13th-opec
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Holding most quotas flat while Saudi Arabia cuts further tightens near-term crude supply during a demand slump, which supports oil prices. Energy-linked costs such as diesel and freight may also firm.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-06-02 | [37th OPEC and non-OPEC Ministerial Meeting Statement](https://feedsoft.ai/events/29651-37th-opec-and-non-opec-ministerial-meeting-statement.md) | -2.0% | +7.9% |
| BRENT | 2024-12-05 | [38th OPEC+ Ministerial Meeting Concludes - Shana](https://feedsoft.ai/events/26874-38th-opec-ministerial-meeting-concludes-shana.md) | +0.6% | +4.3% |
| 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 | 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 | 2016-12-11 | [OPEC, Non-OPEC Ministers Meet](https://feedsoft.ai/events/73392-opec-non-opec-ministers-meet.md) | +2.7% | +0.3% |
| WTI | 2024-06-02 | [37th OPEC and non-OPEC Ministerial Meeting Statement](https://feedsoft.ai/events/29651-37th-opec-and-non-opec-ministerial-meeting-statement.md) | -1.9% | +8.5% |
| WTI | 2024-12-05 | [38th OPEC+ Ministerial Meeting Concludes - Shana](https://feedsoft.ai/events/26874-38th-opec-ministerial-meeting-concludes-shana.md) | +2.6% | +8.3% |
| 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

- noc.ly: https://noc.ly/en/the-chairman-of-the-board-of-directors-participates-in-the-13th-opec-ministerial-meeting/

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