# Five things to watch at this week’s Opec meeting

> OPEC and allied producers were set to meet in Vienna to agree on production management for 2020, with Russia and other exporters joining on Friday. Brent was trading just above $60 a barrel, which some producers see as comfortable. Key issues included weak global demand, robust US shale output and the Saudi Aramco IPO.

- Date: 2019-12-01 · published 2019-12-01T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/55741-five-things-to-watch-at-this-week-s-opec-meeting
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The outcome of the meeting will determine whether crude supply is tightened, influencing energy costs and biofuel margins that affect vegetable oil and feed markets.

## Read by commodity

- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-07-25 | [What Is Likely to Happen at Next OPEC Meeting? \| Rigzone](https://feedsoft.ai/events/29161-what-is-likely-to-happen-at-next-opec-meeting-rigzone.md) | -1.6% | -6.0% |
| BRENT | 2024-07-30 | [OPEC+ likely to stick to output policy at Aug 1 JMMC meeting](https://feedsoft.ai/events/29158-opec-likely-to-stick-to-output-policy-at-aug-1-jmmc-meeting.md) | -4.3% | +0.7% |
| BRENT | 2024-04-02 | [OPEC+ unlikely to change output policy at panel meeting](https://feedsoft.ai/events/30643-opec-unlikely-to-change-output-policy-at-panel-meeting.md) | +4.9% | +1.9% |
| BRENT | 2023-05-12 | [Exclusive: Iraq does not expect OPEC+ to make further cuts at June meeting](https://feedsoft.ai/events/35861-exclusive-iraq-does-not-expect-opec-to-make-further-cuts-at-june-meeting.md) | +0.9% | -0.5% |
| BRENT | 2024-01-29 | [No changes to oil production policy expected at OPEC+ meeting](https://feedsoft.ai/events/32041-no-changes-to-oil-production-policy-expected-at-opec-meeting.md) | -6.0% | -0.7% |

## Sources

- ft.com: https://www.ft.com/content/35058610-12b8-11ea-a225-db2f231cfeae?syn-25a6b1a6=1

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