# EXCLUSIVE: OPEC+ likely to agree another oil output hike without UAE, sources say | Reuters

> OPEC+ is likely to agree a further output target increase of about 188,000 bpd, according to Reuters sources. The move follows the earlier 206,000 bpd hike and excludes the UAE, which leaves the group from May 1.

- Date: 2026-04-29 · published 2026-04-29T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/19608-exclusive-opec-likely-to-agree-another-oil-output-hike-without-uae-sources-say
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The UAE exit and a modest quota increase signal a looser cartel policy, which could cap crude prices once Hormuz flows resume. Feed-linked energy and biofuel costs may see slightly bearish pressure over time.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-09-28 | [EXCLUSIVE: OPEC+ plans another oil output hike in November, sources say \| Reuters](https://feedsoft.ai/events/22770-exclusive-opec-plans-another-oil-output-hike-in-november-sources-say-reuters.md) | -7.3% | -6.4% |
| WTI | 2024-09-26 | [OPEC+ set to go ahead with Dec oil output hike, sources say \| Reuters](https://feedsoft.ai/events/28237-opec-set-to-go-ahead-with-dec-oil-output-hike-sources-say-reuters.md) | +0.5% | +1.4% |
| WTI | 2024-08-30 | [OPEC+ likely to proceed with planned output hike from October, sources say \| Reuters](https://feedsoft.ai/events/28683-opec-likely-to-proceed-with-planned-output-hike-from-october-sources-say-reuters.md) | -10.8% | -10.5% |
| WTI | 2025-06-27 | [OPEC+ set to make another accelerated oil output hike for August, sources say \| Reuters](https://feedsoft.ai/events/24125-opec-set-to-make-another-accelerated-oil-output-hike-for-august-sources-say.md) | +2.6% | +1.1% |
| 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 | 2025-09-28 | [EXCLUSIVE: OPEC+ plans another oil output hike in November, sources say \| Reuters](https://feedsoft.ai/events/22770-exclusive-opec-plans-another-oil-output-hike-in-november-sources-say-reuters.md) | -7.5% | -6.8% |
| BRENT | 2024-09-26 | [OPEC+ set to go ahead with Dec oil output hike, sources say \| Reuters](https://feedsoft.ai/events/28237-opec-set-to-go-ahead-with-dec-oil-output-hike-sources-say-reuters.md) | -0.1% | +0.5% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-set-agree-another-oil-output-hike-without-uae-sources-say-2026-04-29/

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