# OPEC - OPEC 173rd Meeting concludes - Europétrole

> OPEC's 173rd Ministerial Meeting was held in Vienna on 30 November 2016 under Saudi chairmanship. It welcomed new energy ministers from Algeria, Angola and Venezuela and thanked departing officials.

- Date: 2017-01-12 · published 2017-01-12T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/72912-opec-opec-173rd-meeting-concludes-europetrole
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

The meeting is procedural and largely reflects the November 2016 output deal already priced into crude markets, so it adds little new price direction.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-05-25 | [OPEC : OPEC 172nd Meeting concludes](https://feedsoft.ai/events/70927-opec-opec-172nd-meeting-concludes.md) | -5.4% | -16.7% |
| 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 | 2024-12-05 | [38th OPEC+ Ministerial Meeting Concludes - Shana](https://feedsoft.ai/events/26874-38th-opec-ministerial-meeting-concludes-shana.md) | +2.6% | +8.3% |
| WTI | 2016-12-01 | [OPEC meeting in Vienna concludes \| Hydrocarbon Engineering](https://feedsoft.ai/events/73376-opec-meeting-in-vienna-concludes-hydrocarbon-engineering.md) | +0.8% | +8.8% |
| WTI | 2021-02-04 | [OPEC - 15th OPEC and non-OPEC Ministerial... - Europétrole](https://feedsoft.ai/events/48556-opec-15th-opec-and-non-opec-ministerial-europetrole.md) | +5.4% | +14.6% |
| BRENT | 2017-05-25 | [OPEC : OPEC 172nd Meeting concludes](https://feedsoft.ai/events/70927-opec-opec-172nd-meeting-concludes.md) | -7.0% | -16.6% |
| 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 | 2024-12-05 | [38th OPEC+ Ministerial Meeting Concludes - Shana](https://feedsoft.ai/events/26874-38th-opec-ministerial-meeting-concludes-shana.md) | +0.6% | +4.3% |

## Sources

- euro-petrole.com: https://www.euro-petrole.com/opec-173rd-meeting-concludes-n-i-15865

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