Is There an OPEC Meeting Today?
As of July 3, 2026: no. The next one is Sunday, July 5, 2026 (2 days away): the OPEC+ producer group meeting (video). The seven-country voluntary-cut group sets August production. It has raised output at four consecutive monthly meetings since the Hormuz closure began (June 7: +188,000 b/d for July). Brent trades near $72.26.
Confirmed schedule
- Sunday, July 5, 2026 OPEC+ producer group meeting (video) — sets production [OPEC press release, June 7, 2026]
- Tuesday, July 28, 2026 Joint Ministerial Monitoring Committee (JMMC) — monitoring only, no production authority [OPEC Secretariat]
- Sunday, November 29, 2026 Full OPEC+ ministerial (42nd) — sets production · date not yet re-confirmed [June 7 communiqué (single-sourced)]
How to read an OPEC+ meeting
Two kinds of meetings share the headlines and most calendars blur them. The producer-group meetings (now seven countries after the UAE's May 1 exit) decide actual barrels — through the Hormuz war they have added supply at four consecutive monthly meetings, which is a large part of why crude gave back its war premium even while the strait stayed contested. The JMMC reviews compliance and forecasts but cannot change output; a "hawkish JMMC" headline moves prices only when it signals what the next producer meeting will do. The tell to watch in each communiqué: the size of the monthly increment and any pause language.
For what the decision means for prices the day it lands, the live driver page carries our read within the hour, and the wire carries the headlines as they break.
OPEC meetings: common questions
When is the next OPEC meeting?
Sunday, July 5, 2026: OPEC+ producer group meeting (video). The seven-country voluntary-cut group sets August production. It has raised output at four consecutive monthly meetings since the Hormuz closure began (June 7: +188,000 b/d for July).
What is the difference between an OPEC+ meeting and the JMMC?
The producer-group meetings set actual production levels — those are the ones that move prices. The Joint Ministerial Monitoring Committee only reviews conformity and market conditions; it has no authority over output, though headlines routinely conflate the two.
How many countries are in the OPEC+ cut group now?
Seven: Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. The UAE formally left OPEC on May 1, 2026, mid-war — many calendars still say eight.
Why do OPEC meetings move oil prices?
The group controls enough spare capacity that its monthly production decision is one of the few scheduled events that can reprice crude instantly. Through the Hormuz crisis it has leaned against the war premium: four consecutive monthly output increases, most recently +188,000 barrels a day for July.