OPEC Meeting

The mission of the Organization of the Petroleum Exporting Countries (OPEC) is to coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry. It is held in Vienna and it is attended by representatives from 13 oil-rich nations.

Most recent - Tuesday 10 December 2024 08:00

Trading range

Past events

Date
Tuesday 10 December 2024 08:00
Thursday 1 August 2024 08:00
Sunday 2 June 2024 08:00
Wednesday 3 April 2024 08:00
Thursday 1 February 2024 08:00
Thursday 30 November 2023 08:00
Wednesday 4 October 2023 08:00
Thursday 3 August 2023 08:00
Sunday 4 June 2023 08:00
Monday 3 April 2023 08:00
Wednesday 1 February 2023 08:00
Sunday 4 December 2022 08:00
Wednesday 5 October 2022 08:00
Monday 5 September 2022 08:00
Wednesday 3 August 2022 08:00
Thursday 30 June 2022 08:00
Thursday 2 June 2022 08:00
Thursday 5 May 2022 08:00
Thursday 31 March 2022 08:00
Wednesday 2 March 2022 09:00
Wednesday 2 February 2022 09:00
Tuesday 4 January 2022 09:00

Economic context

Recent economic data has been moderately bullish for USD. The following recent announcements may affect the market reaction to OPEC Meeting:

PreviousLatest
Michigan Consumer Sentiment Index(no change)7474
UoM 5-year Consumer Inflation ExpectationBearish change3.1%3%
Core Personal Consumption Expenditures - Price Index (MoM)Bearish change0.3%0.1%
Core Personal Consumption Expenditures - Price Index (YoY)(no change)2.8%2.8%
Personal Consumption Expenditures - Price Index (MoM)Bearish change0.2%0.1%
Personal Consumption Expenditures - Price Index (YoY)Bullish change2.3%2.4%
Personal Income (MoM)Bearish change0.7%0.3%
Personal SpendingBullish change0.3%0.4%
Existing Home Sales Change (MoM)Bullish change3.4%4.8%
Initial Jobless ClaimsBullish change242K220K
Philadelphia Fed Manufacturing SurveyBearish change-5.5-16.4
Core Personal Consumption Expenditures (QoQ)Bullish change2.1%2.2%
Gross Domestic Product AnnualizedBullish change2.8%3.1%
Gross Domestic Product Price Index(no change)1.9%1.9%
Personal Consumption Expenditures Prices (QoQ)(no change)1.5%1.5%
Fed Interest Rate DecisionBearish change4.75%4.5%
Interest Rate Projections - 1st yearBullish change3.4%3.9%
Interest Rate Projections - 2nd yearBullish change2.9%3.4%
Interest Rate Projections - 3rd yearBullish change2.9%3.1%
Interest Rate Projections - Current(no change)4.4%4.4%
Interest Rate Projections - LongerBullish change2.9%3%
Building Permits (MoM)Bullish change1.419M1.505M
Housing Starts (MoM)Bearish change1.312M1.289M
Industrial Production (MoM)Bullish change-0.4%-0.1%
Retail Sales (MoM)Bullish change0.5%0.7%
Retail Sales Control GroupBullish change-0.1%0.4%
Retail Sales ex Autos (MoM)(no change)0.2%0.2%
S&P Global Composite PMIBullish change54.956.6
S&P Global Manufacturing PMIBearish change49.748.3
S&P Global Services PMIBullish change56.158.5
NY Empire State Manufacturing IndexBearish change31.20.2
Initial Jobless ClaimsBearish change225K242K
Producer Price Index (MoM)Bullish change0.3%0.4%
Producer Price Index (YoY)Bullish change2.6%3%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%0.2%
Producer Price Index ex Food & Energy (YoY)Bullish change3.1%3.4%
Monthly Budget StatementBearish change$-257B$-367B
Consumer Price Index (MoM)Bullish change0.2%0.3%
Consumer Price Index (YoY)Bullish change2.6%2.7%
Consumer Price Index ex Food & Energy (MoM)(no change)0.3%0.3%
Consumer Price Index ex Food & Energy (YoY)(no change)3.3%3.3%
Nonfarm Productivity(no change)2.2%2.2%
Unit Labor CostsBearish change1.9%0.8%

About OPEC Meeting

Country:United States
Currency:USD
Source:Organization of the Petroleum Exporting Countries
Category:Energy
Frequency:Irregular
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