# OPEC to meet July 1 and 2 after several postponements

> OPEC and allied producers will meet in Vienna on July 1 and 2 after the biannual gathering was postponed several times. Producers led by Saudi Arabia are expected to decide whether to extend production cuts.

- Date: 2019-06-19 · published 2019-06-19T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/58756-opec-to-meet-july-1-and-2-after-several-postponements
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A decision to extend output cuts would tighten crude supply and support oil prices, which affects diesel and freight costs for feed buyers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2016-12-01 | [After OPEC deal, oil expected to rally - for the moment](https://feedsoft.ai/events/9703-after-opec-deal-oil-expected-to-rally-for-the-moment.md) | +0.8% | +8.8% |
| 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 | 2020-07-01 | [Opec and allies extend oil production cuts to end of July](https://feedsoft.ai/events/52516-opec-and-allies-extend-oil-production-cuts-to-end-of-july.md) | +4.2% | +4.9% |
| WTI | 2023-10-04 | [Opec+ sticks to current output policy after oil price rally \| The National](https://feedsoft.ai/events/33522-opec-sticks-to-current-output-policy-after-oil-price-rally-the-national.md) | -3.7% | -8.8% |
| WTI | 2018-06-22 | [Oil jumps the most since Nov 2016 after OPEC's moderate supply hike](https://feedsoft.ai/events/8783-oil-jumps-the-most-since-nov-2016-after-opec-s-moderate-supply-hike.md) | +11.9% | +7.2% |
| BRENT | 2016-12-01 | [After OPEC deal, oil expected to rally - for the moment](https://feedsoft.ai/events/9703-after-opec-deal-oil-expected-to-rally-for-the-moment.md) | +6.6% | +12.9% |
| 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 | 2020-07-01 | [Opec and allies extend oil production cuts to end of July](https://feedsoft.ai/events/52516-opec-and-allies-extend-oil-production-cuts-to-end-of-july.md) | +4.3% | +4.3% |

## Sources

- timesofmalta.com: https://timesofmalta.com/article/opec-to-meet-july-1-and-2-after-several-postponements.714952

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