# OPEC+ output increase has little impact while Strait of Hormuz remains closed, says Rystad - OPEC+ output increase has little impact while Strait of Hormuz remains closed, says Rystad

> Rystad Energy said OPEC+'s June 7 decision to add 188,000 bpd will have little immediate effect while the Strait of Hormuz is closed. Russia's new quota of about 9.82 million bpd exceeds its estimated May output of about 9.2 million bpd due to drone attacks and capacity declines. Rystad warned that a full Hormuz reopening could create a surplus of up to 5 million bpd.

- Date: 2026-06-08 · published 2026-06-08T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/18722-opec-output-increase-has-little-impact-while-strait-of-hormuz-remains-closed
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Physical supply, not quota changes, is driving prices, so the increase has little effect on crude costs for feed buyers. A sudden reopening of Hormuz could sharply lower energy prices later.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-08-31 | [Opec to remain flexible even as it plans for possible output increase \| The National](https://feedsoft.ai/events/45730-opec-to-remain-flexible-even-as-it-plans-for-possible-output-increase-the.md) | -1.2% | +8.9% |
| WTI | 2026-06-07 | [OPEC+ approves fourth oil output quota hike since Hormuz closure](https://feedsoft.ai/events/18721-opec-approves-fourth-oil-output-quota-hike-since-hormuz-closure.md) | -6.1% | -25.6% |
| WTI | 2024-10-03 | [OPEC+ still has an Asia dilemma as crude imports remain soft](https://feedsoft.ai/events/27768-opec-still-has-an-asia-dilemma-as-crude-imports-remain-soft.md) | +4.4% | -2.4% |
| WTI | 2021-08-27 | [OPEC stays the course on output hikes as oil prices rebound](https://feedsoft.ai/events/45475-opec-stays-the-course-on-output-hikes-as-oil-prices-rebound.md) | +3.9% | +9.9% |
| WTI | 2021-12-02 | [Oil prices: OPEC and Russia stick with plans to increase oil output in January \| CNN Business](https://feedsoft.ai/events/43502-oil-prices-opec-and-russia-stick-with-plans-to-increase-oil-output-in-january.md) | +10.6% | +17.4% |
| BRENT | 2021-08-31 | [Opec to remain flexible even as it plans for possible output increase \| The National](https://feedsoft.ai/events/45730-opec-to-remain-flexible-even-as-it-plans-for-possible-output-increase-the.md) | -0.4% | +8.7% |
| BRENT | 2026-06-07 | [OPEC+ approves fourth oil output quota hike since Hormuz closure](https://feedsoft.ai/events/18721-opec-approves-fourth-oil-output-quota-hike-since-hormuz-closure.md) | -7.5% | -26.2% |
| BRENT | 2021-08-27 | [OPEC stays the course on output hikes as oil prices rebound](https://feedsoft.ai/events/45475-opec-stays-the-course-on-output-hikes-as-oil-prices-rebound.md) | +3.6% | +8.6% |

## Sources

- petromindo.com: https://www.petromindo.com/news/article/opec-output-increase-has-little-impact-while-strait-of-hormuz-remains-closed-says-rystad

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