# OPEC+ states adjust production, reaffirm commitment to market stability - Shana

> Iran's state news agency SHANA reported that the eight OPEC+ countries agreed a 206,000 bpd production adjustment for May 2026. The statement reaffirmed flexibility to increase, pause or reverse voluntary adjustments.

- Date: 2026-04-05 · published 2026-04-05T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/19613-opec-states-adjust-production-reaffirm-commitment-to-market-stability-shana
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The quota change is modest and largely symbolic while Gulf exports are constrained. Its main market signal is OPEC+ readiness to add supply once shipping normalises.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-03-09 | [Opec+ reaffirms commitment to market stability](https://feedsoft.ai/events/65931-opec-reaffirms-commitment-to-market-stability.md) | +1.7% | +3.2% |
| WTI | 2026-06-07 | [Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman Adjust Production and Reaffirm Commitment to Market Stability](https://feedsoft.ai/events/18717-saudi-arabia-russia-iraq-kuwait-kazakhstan-algeria-and-oman-adjust-production.md) | -6.1% | -25.6% |
| WTI | 2024-01-04 | [OPEC reaffirms commitment to market stability, convenes first ministerial meeting of 2024](https://feedsoft.ai/events/32036-opec-reaffirms-commitment-to-market-stability-convenes-first-ministerial.md) | -1.9% | +1.8% |
| WTI | 2026-01-05 | [OPEC 8 Reaffirm Decision to Pause Production Hikes \| Rigzone](https://feedsoft.ai/events/20972-opec-8-reaffirm-decision-to-pause-production-hikes-rigzone.md) | +3.1% | +7.9% |
| WTI | 2019-05-19 | [OPEC considers two scenarios to adjust oil production - Mehr News Agency](https://feedsoft.ai/events/59020-opec-considers-two-scenarios-to-adjust-oil-production-mehr-news-agency.md) | -6.8% | -16.4% |
| BRENT | 2018-03-09 | [Opec+ reaffirms commitment to market stability](https://feedsoft.ai/events/65931-opec-reaffirms-commitment-to-market-stability.md) | +1.0% | +4.8% |
| BRENT | 2026-06-07 | [Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman Adjust Production and Reaffirm Commitment to Market Stability](https://feedsoft.ai/events/18717-saudi-arabia-russia-iraq-kuwait-kazakhstan-algeria-and-oman-adjust-production.md) | -7.5% | -26.2% |
| BRENT | 2024-01-04 | [OPEC reaffirms commitment to market stability, convenes first ministerial meeting of 2024](https://feedsoft.ai/events/32036-opec-reaffirms-commitment-to-market-stability-convenes-first-ministerial.md) | -0.1% | +6.0% |

## Sources

- en.shana.ir: https://en.shana.ir/news/1760471/OPEC-states-adjust-production-reaffirm-commitment-to-market

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