# OPEC - The 6th OPEC and non-OPEC Ministerial... - Europétrole

> OPEC and non-OPEC ministers meeting in Vienna extended their voluntary production adjustments for nine months, from 1 July 2019 to 31 March 2020. The Joint Ministerial Monitoring Committee was asked to monitor compliance closely. The meeting cited large uncertainties in the oil market.

- Date: 2019-03-07 · published 2019-03-07T12:00:00.000Z
- Category: policy · region Global · magnitude high
- Page: https://feedsoft.ai/events/60015-opec-the-6th-opec-and-non-opec-ministerial-europetrole
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Extending the supply cuts through March 2020 tightens crude supply, which lifts energy costs for feed mills, diesel and fertilizer, and supports vegetable oil and biofuel economics.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2016-12-12 | [OPEC - OPEC and non-OPEC Ministerial Meeting - Europétrole](https://feedsoft.ai/events/73377-opec-opec-and-non-opec-ministerial-meeting-europetrole.md) | +2.7% | +0.3% |
| 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 | 2016-12-11 | [OPEC, Non-OPEC Ministers Meet](https://feedsoft.ai/events/73392-opec-non-opec-ministers-meet.md) | +2.7% | +0.3% |
| BRENT | 2023-01-02 | [OPEC - JMMC reaffirmed their commitment to the... - Europétrole](https://feedsoft.ai/events/37686-opec-jmmc-reaffirmed-their-commitment-to-the-europetrole.md) | -6.9% | +0.7% |
| BRENT | 2024-12-05 | [38th OPEC+ Ministerial Meeting Concludes - Shana](https://feedsoft.ai/events/26874-38th-opec-ministerial-meeting-concludes-shana.md) | +0.6% | +4.3% |
| WTI | 2016-12-12 | [OPEC - OPEC and non-OPEC Ministerial Meeting - Europétrole](https://feedsoft.ai/events/73377-opec-opec-and-non-opec-ministerial-meeting-europetrole.md) | +0.8% | -1.3% |
| 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 | 2016-12-11 | [OPEC, Non-OPEC Ministers Meet](https://feedsoft.ai/events/73392-opec-non-opec-ministers-meet.md) | +0.8% | -1.3% |

## Sources

- euro-petrole.com: https://www.euro-petrole.com/the-6th-opec-and-non-opec-ministerial-meeting-concludes-n-i-19024

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