# OPEC+ agrees third oil output quota hike since Hormuz closure | Reuters

> OPEC+ agreed a modest 188,000 bpd oil output increase for June, the third consecutive monthly hike, with seven members raising targets. The move excludes the UAE share after its departure from OPEC and OPEC+.

- Date: 2026-05-03 · published 2026-05-03T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/19147-opec-agrees-third-oil-output-quota-hike-since-hormuz-closure-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The quota hike is largely on paper while Hormuz remains closed, so it has limited immediate supply effect, but it signals eventual supply return that could cap crude and energy-linked feed costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-10-31 | [OPEC oil output rises to highest since 2016 despite Iran - Reuters survey](https://feedsoft.ai/events/62453-opec-oil-output-rises-to-highest-since-2016-despite-iran-reuters-survey.md) | -6.0% | -24.2% |
| WTI | 2025-08-05 | [Oil prices fall as OPEC+ output hikes counter Russia disruption concerns \| Reuters](https://feedsoft.ai/events/23233-oil-prices-fall-as-opec-output-hikes-counter-russia-disruption-concerns-reuters.md) | -3.4% | -1.7% |
| WTI | 2026-02-01 | [OPEC+ agrees to keep oil output unchanged](https://feedsoft.ai/events/8797-opec-agrees-to-keep-oil-output-unchanged.md) | -1.6% | +9.9% |
| WTI | 2020-07-15 | [OPEC agrees to ease oil output cut to 7.7 mbpd in Aug.](https://feedsoft.ai/events/52009-opec-agrees-to-ease-oil-output-cut-to-7-7-mbpd-in-aug.md) | +3.8% | +3.1% |
| WTI | 2022-06-02 | [OPEC+ brings forward oil output rises as Biden's Saudi visit looms \| Reuters](https://feedsoft.ai/events/40834-opec-brings-forward-oil-output-rises-as-biden-s-saudi-visit-looms-reuters.md) | +5.8% | -7.1% |
| BRENT | 2018-10-31 | [OPEC oil output rises to highest since 2016 despite Iran - Reuters survey](https://feedsoft.ai/events/62453-opec-oil-output-rises-to-highest-since-2016-despite-iran-reuters-survey.md) | -5.8% | -21.0% |
| BRENT | 2025-08-05 | [Oil prices fall as OPEC+ output hikes counter Russia disruption concerns \| Reuters](https://feedsoft.ai/events/23233-oil-prices-fall-as-opec-output-hikes-counter-russia-disruption-concerns-reuters.md) | -3.1% | -2.2% |
| BRENT | 2026-02-01 | [OPEC+ agrees to keep oil output unchanged](https://feedsoft.ai/events/8797-opec-agrees-to-keep-oil-output-unchanged.md) | -3.1% | +0.6% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-set-agree-third-oil-output-quota-hike-since-hormuz-closure-sources-say-2026-05-03/

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