# OPEC holds it 12th Ministerial and non-OPEC Ministerial Meeting – Energy Focus Report

> The 12th OPEC and non-OPEC Ministerial Meeting was held by videoconference on 3 December 2020. Participants reaffirmed their commitment to the Declaration of Cooperation and noted that renewed lockdowns continue to weigh on oil demand.

- Date: 2020-12-04 · published 2020-12-04T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/49557-opec-holds-it-12th-ministerial-and-non-opec-ministerial-meeting-energy-focus
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The meeting reaffirmed existing production policy rather than changing it, so it adds little new supply information. Its main effect is to confirm that cuts stay in place while demand is uncertain.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2021-05-11 | [OPEC - 22nd OPEC and non-OPEC Ministerial... - Europétrole](https://feedsoft.ai/events/47014-opec-22nd-opec-and-non-opec-ministerial-europetrole.md) | +1.6% | +4.9% |
| BRENT | 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) | -0.1% | +6.0% |
| 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 | 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 | 2021-05-11 | [OPEC - 22nd OPEC and non-OPEC Ministerial... - Europétrole](https://feedsoft.ai/events/47014-opec-22nd-opec-and-non-opec-ministerial-europetrole.md) | +2.0% | +8.0% |

## Sources

- energyfocusreport.com: https://www.energyfocusreport.com/opec-holds-it-12th-ministerial-and-non-opec-ministerial-meeting/

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