# OPEC+ approves further oil output increase as Hormuz exports start to recover | Reuters

> OPEC+ agreed to raise quotas by 188,000 bpd for August, bringing the total increase since April to almost 800,000 bpd. The increase has largely existed on paper because the Strait of Hormuz closure cut exports from several members, though output is recovering from its May low.

- Date: 2026-07-05 · published 2026-07-05T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/18249-opec-approves-further-oil-output-increase-as-hormuz-exports-start-to-recover
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher quotas add future crude supply while prices have already fallen back to pre-war levels, which points to softer energy costs for feed producers, freight and fertilizer.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-01-04 | [OPEC+ agrees oil output increase from February \| Reuters](https://feedsoft.ai/events/43057-opec-agrees-oil-output-increase-from-february-reuters.md) | +3.3% | +16.7% |
| BRENT | 2025-05-04 | [EXCLUSIVE: OPEC+ to further speed up oil output hikes, sources say \| Reuters](https://feedsoft.ai/events/24604-exclusive-opec-to-further-speed-up-oil-output-hikes-sources-say-reuters.md) | +4.3% | +6.8% |
| BRENT | 2026-02-25 | [EXCLUSIVE: OPEC+ to consider 137,000 bpd oil output increase for April, sources say \| Reuters](https://feedsoft.ai/events/20512-exclusive-opec-to-consider-137-000-bpd-oil-output-increase-for-april-sources.md) | +16.0% | +49.9% |
| BRENT | 2025-11-01 | [Oil settles lower as OPEC plans to increase oil output](https://feedsoft.ai/events/22562-oil-settles-lower-as-opec-plans-to-increase-oil-output.md) | -2.4% | -2.5% |
| BRENT | 2024-09-07 | [Goldman Sachs expects OPEC+ production increases to start in December \| Reuters](https://feedsoft.ai/events/28243-goldman-sachs-expects-opec-production-increases-to-start-in-december-reuters.md) | +1.0% | +9.4% |
| WTI | 2022-01-04 | [OPEC+ agrees oil output increase from February \| Reuters](https://feedsoft.ai/events/43057-opec-agrees-oil-output-increase-from-february-reuters.md) | +2.8% | +16.0% |
| WTI | 2025-05-04 | [EXCLUSIVE: OPEC+ to further speed up oil output hikes, sources say \| Reuters](https://feedsoft.ai/events/24604-exclusive-opec-to-further-speed-up-oil-output-hikes-sources-say-reuters.md) | +4.6% | +6.4% |
| WTI | 2026-02-25 | [EXCLUSIVE: OPEC+ to consider 137,000 bpd oil output increase for April, sources say \| Reuters](https://feedsoft.ai/events/20512-exclusive-opec-to-consider-137-000-bpd-oil-output-increase-for-april-sources.md) | +13.5% | +41.6% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-set-clear-another-oil-output-increase-sources-say-2026-07-05/

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