# OPEC/non-OPEC Coalition Sets Extra Meeting Over Production Rift – Extractive 360

> OPEC and non-OPEC monitoring committee scheduled an extra meeting on September 11, ahead of its September 23 meeting in Algiers, as the coalition works on a new production strategy. The six-country committee canceled a Monday call and replaced it with the September 11 session, while Iran's oil minister plans to attend the Algiers meeting. Platts cFlow estimates show Iran's crude and condensate exports fell to 1.68 million b/d in early August.

- Date: 2018-08-28 · published 2018-08-28T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63437-opec-non-opec-coalition-sets-extra-meeting-over-production-rift-extractive-360
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Coordination on how much supply to add or hold back shapes the crude balance, and signals of more output from the group tend to weigh on oil prices. Diesel and other fuel costs that feed into feed-production logistics follow crude.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| BRENT | 2017-12-01 | [For How Long Will OPEC Extend Production Cuts?](https://feedsoft.ai/events/68171-for-how-long-will-opec-extend-production-cuts.md) | -2.0% | +4.9% |
| BRENT | 2026-10-05 | [OPEC 7 Reveal Production Plan for November](https://feedsoft.ai/events/17058-opec-7-reveal-production-plan-for-november.md) | -0.9% | +2.2% |
| BRENT | 2018-03-09 | [OPEC+ seven agree to maintain November production levels](https://feedsoft.ai/events/65936-opec-seven-agree-to-maintain-november-production-levels.md) | +1.0% | +4.8% |
| BRENT | 2022-01-04 | [OPEC+ sticks to existing production policy for February](https://feedsoft.ai/events/43064-opec-sticks-to-existing-production-policy-for-february.md) | +3.3% | +16.7% |
| WTI | 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) | -7.3% | -0.1% |
| WTI | 2017-12-01 | [For How Long Will OPEC Extend Production Cuts?](https://feedsoft.ai/events/68171-for-how-long-will-opec-extend-production-cuts.md) | -1.5% | +5.3% |
| WTI | 2026-10-05 | [OPEC 7 Reveal Production Plan for November](https://feedsoft.ai/events/17058-opec-7-reveal-production-plan-for-november.md) | +0.8% | +8.4% |

## Sources

- extractive360.com: https://extractive360.com/2018/08/28/opec-non-opec-coalition-sets-extra-meeting-over-production-strategy/

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