# OPEC Meeting Ends Without Firm Decision On Output Cuts | OilPrice.com

> OPEC said it would not shirk its responsibilities as Covid-19 fears pushed prices down. Sources said the planned January output increase could be reversed if needed, and Saudi Arabia's energy minister said the group had been flexible.

- Date: 2020-10-19 · published 2020-10-19T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/50550-opec-meeting-ends-without-firm-decision-on-output-cuts-oilprice-com
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Signals of possible reversal of the January increase support prices, but oil still fell on demand fears, so the net effect is mixed.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-06-01 | [OPEC+ announces 188,000 barrels-per-day output increase in first meeting without UAE](https://feedsoft.ai/events/19151-opec-announces-188-000-barrels-per-day-output-increase-in-first-meeting-without.md) | +2.9% | -23.1% |
| BRENT | 2020-11-30 | [OPEC alliance fails to decide on output hike ahead of major meeting – Businessday NG](https://feedsoft.ai/events/50067-opec-alliance-fails-to-decide-on-output-hike-ahead-of-major-meeting-businessday.md) | +3.5% | +7.0% |
| BRENT | 2025-11-30 | [OPEC+ Holds Output Steady, Approves New Capacity Framework Through 2026 \| OilPrice.com](https://feedsoft.ai/events/21875-opec-holds-output-steady-approves-new-capacity-framework-through-2026-oilprice.md) | +0.7% | -1.8% |
| BRENT | 2026-04-06 | [OPEC+ to hike crude output: Will it make a difference to oil prices? \| Euronews](https://feedsoft.ai/events/19611-opec-to-hike-crude-output-will-it-make-a-difference-to-oil-prices-euronews.md) | -9.7% | -4.1% |
| 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% |
| WTI | 2026-06-01 | [OPEC+ announces 188,000 barrels-per-day output increase in first meeting without UAE](https://feedsoft.ai/events/19151-opec-announces-188-000-barrels-per-day-output-increase-in-first-meeting-without.md) | +3.5% | -20.5% |
| WTI | 2020-11-30 | [OPEC alliance fails to decide on output hike ahead of major meeting – Businessday NG](https://feedsoft.ai/events/50067-opec-alliance-fails-to-decide-on-output-hike-ahead-of-major-meeting-businessday.md) | +1.5% | +4.3% |

## Sources

- oilprice.com: https://oilprice.com/Latest-Energy-News/World-News/OPEC-Meeting-Ends-Without-Firm-Decision-On-Output-Cuts.html

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