# Opec+ raises July oil production quotas amid supply concerns | Malay Mail

> OPEC+ ministers decided on June 7 to raise oil quotas by 188,000 bpd for July, matching the June increase. Analysts said the move is unlikely to ease prices lifted by the Middle East war. The group reaffirmed it could increase, pause or reverse the phase-out of voluntary cuts.

- Date: 2026-06-08 · published 2026-06-08T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/18720-opec-raises-july-oil-production-quotas-amid-supply-concerns-malay-mail
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Because physical barrels remain constrained, the quota hike is unlikely to lower fuel or fertilizer input costs. Feed buyers should expect energy costs to stay elevated while supply risks persist.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-05-28 | [OPEC+ holds oil quotas ahead of July production review](https://feedsoft.ai/events/24603-opec-holds-oil-quotas-ahead-of-july-production-review.md) | +4.1% | +6.9% |
| WTI | 2022-10-31 | [OPEC Says Supply Surplus Was Main Reason for Oil Production Cut - Bloomberg](https://feedsoft.ai/events/39056-opec-says-supply-surplus-was-main-reason-for-oil-production-cut-bloomberg.md) | +5.4% | -12.2% |
| WTI | 2020-09-18 | [OPEC JMMC asks members to maintain status quo on production quotas](https://feedsoft.ai/events/51057-opec-jmmc-asks-members-to-maintain-status-quo-on-production-quotas.md) | -2.0% | -0.3% |
| WTI | 2023-11-30 | [OPEC+ Production Cuts Fail to Convince Oil Traders Amid Lack of Detail - Bloomberg](https://feedsoft.ai/events/33085-opec-production-cuts-fail-to-convince-oil-traders-amid-lack-of-detail-bloomberg.md) | -11.0% | -7.4% |
| WTI | 2022-05-06 | [Oil gains 1.5%, posts another weekly rise on supply concerns](https://feedsoft.ai/events/41322-oil-gains-1-5-posts-another-weekly-rise-on-supply-concerns.md) | -1.9% | +9.9% |
| BRENT | 2025-05-28 | [OPEC+ holds oil quotas ahead of July production review](https://feedsoft.ai/events/24603-opec-holds-oil-quotas-ahead-of-july-production-review.md) | +3.7% | +6.1% |
| BRENT | 2022-10-31 | [OPEC Says Supply Surplus Was Main Reason for Oil Production Cut - Bloomberg](https://feedsoft.ai/events/39056-opec-says-supply-surplus-was-main-reason-for-oil-production-cut-bloomberg.md) | +4.0% | -12.3% |
| BRENT | 2020-09-18 | [OPEC JMMC asks members to maintain status quo on production quotas](https://feedsoft.ai/events/51057-opec-jmmc-asks-members-to-maintain-status-quo-on-production-quotas.md) | -2.9% | -1.0% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2026/06/08/opec-raises-july-oil-production-quotas-amid-supply-concerns/222929

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