# Opec set for annual meeting to discuss next phase of oil production policy | The National

> OPEC+ prepared for its annual virtual meeting on December 1 amid lockdowns and renewed Asian crude demand. Libya has resumed exports, raising output to about 1.25 million bpd, and Iran and Venezuela barrels may return.

- Date: 2020-11-30 · published 2020-11-30T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/50063-opec-set-for-annual-meeting-to-discuss-next-phase-of-oil-production-policy-the
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Possible returning supply from Libya, Iran and Venezuela could cap crude gains, while cuts extension would support prices.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-01-23 | [Opec+  to discuss all options at March meeting, Saudi energy minister says \| The National](https://feedsoft.ai/events/54973-opec-to-discuss-all-options-at-march-meeting-saudi-energy-minister-says-the.md) | -4.8% | -5.2% |
| BRENT | 2024-11-28 | [OPEC+ postpones meeting to decide oil production strategy to Dec. 5: Sources](https://feedsoft.ai/events/27303-opec-postpones-meeting-to-decide-oil-production-strategy-to-dec-5-sources.md) | +0.2% | +0.0% |
| BRENT | 2023-01-30 | [Putin, MBS Discuss Oil Strategy Ahead Of OPEC+ Meeting \| OilPrice.com](https://feedsoft.ai/events/37949-putin-mbs-discuss-oil-strategy-ahead-of-opec-meeting-oilprice-com.md) | -7.7% | -3.8% |
| BRENT | 2021-11-22 | [OPEC considers lowering production to account for oil reserve releases](https://feedsoft.ai/events/43987-opec-considers-lowering-production-to-account-for-oil-reserve-releases.md) | -8.8% | -7.9% |
| BRENT | 2019-09-16 | [OPEC says too early for any action on oil after Saudi attacks](https://feedsoft.ai/events/57001-opec-says-too-early-for-any-action-on-oil-after-saudi-attacks.md) | +6.6% | -0.3% |
| WTI | 2020-01-23 | [Opec+  to discuss all options at March meeting, Saudi energy minister says \| The National](https://feedsoft.ai/events/54973-opec-to-discuss-all-options-at-march-meeting-saudi-energy-minister-says-the.md) | -6.1% | -5.3% |
| WTI | 2024-11-28 | [OPEC+ postpones meeting to decide oil production strategy to Dec. 5: Sources](https://feedsoft.ai/events/27303-opec-postpones-meeting-to-decide-oil-production-strategy-to-dec-5-sources.md) | -0.6% | +3.1% |
| WTI | 2023-01-30 | [Putin, MBS Discuss Oil Strategy Ahead Of OPEC+ Meeting \| OilPrice.com](https://feedsoft.ai/events/37949-putin-mbs-discuss-oil-strategy-ahead-of-opec-meeting-oilprice-com.md) | -7.9% | -5.2% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/energy/opec-set-for-annual-meeting-to-discuss-next-phase-of-oil-production-policy-1.1119932

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