OPEC Meetings

Latest

Jun 7 2026 (All Day)

Upcoming

Nov 29 2026 (All Day)

OPEC nations represent around 31% of the world's oil supply and are unified in their oil production levels. With so much control over oil's supply-side, shifts in their production levels can have a significant impact on oil prices;

OPEC meetings are usually held in Vienna and are attended by representatives from 11 oil-rich nations. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering policy shifts and meeting objectives is released after the meetings have concluded;