# OPEC+ countries, including Saudi Arabia and Russia, to boost oil production | AP News

> OPEC+ countries including Saudi Arabia and Russia agreed to raise production by 188,000 barrels per day after a virtual meeting. The commitment covers seven countries, including Algeria, Iraq, Kazakhstan, Kuwait and Oman.

- Date: 2026-05-03 · published 2026-05-03T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/19149-opec-countries-including-saudi-arabia-and-russia-to-boost-oil-production-ap-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The announced increase is small relative to disrupted Gulf volumes, so its direct price effect on feed-linked energy costs is modest.

## Read by commodity

- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-07-15 | [OPEC and allies to ease cuts, allow more oil production \| AP News](https://feedsoft.ai/events/52002-opec-and-allies-to-ease-cuts-allow-more-oil-production-ap-news.md) | +3.2% | +2.7% |
| BRENT | 2020-07-15 | [OPEC+ to boost oil production next month \| OPEC \| Al Jazeera](https://feedsoft.ai/events/52003-opec-to-boost-oil-production-next-month-opec-al-jazeera.md) | +3.2% | +2.7% |
| BRENT | 2019-09-18 | [Oil prices: Saudi Arabia pledges to restore production after drone attacks](https://feedsoft.ai/events/57237-oil-prices-saudi-arabia-pledges-to-restore-production-after-drone-attacks.md) | -2.2% | -9.4% |
| BRENT | 2020-03-08 | [Saudi Arabia slashes April oil selling prices as OPEC+ fails to extend output curbs](https://feedsoft.ai/events/4424-saudi-arabia-slashes-april-oil-selling-prices-as-opec-fails-to-extend-output.md) | -27.3% | -36.6% |
| BRENT | 2020-07-16 | [OPEC+ to ease production cuts in August \| Oil & Gas Journal](https://feedsoft.ai/events/52005-opec-to-ease-production-cuts-in-august-oil-and-gas-journal.md) | +0.6% | +3.2% |

## Sources

- apnews.com: https://apnews.com/article/opec-oil-russia-uae-hormuz-iran-54fc7aa399fca1fd45e9db2a75da17d1

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