# OPEC Plus to Boost Oil Production as Iran Strikes Threaten Price Spike - The New York Times

> Eight OPEC+ producers will raise output by 206,000 barrels per day in April, the first step in unwinding 1.65 million bpd of voluntary cuts. The group cited healthy fundamentals and low inventories, and said it may return more barrels depending on market conditions.

- Date: 2026-03-01 · published 2026-03-01T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/20080-opec-plus-to-boost-oil-production-as-iran-strikes-threaten-price-spike-the-new
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The gradual unwinding signals more supply later in the year, which is bearish for crude over time. Disruption in the Gulf still limits how quickly those barrels reach buyers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-12-02 | [OPEC Plus Maintains Oil Production Plans - The New York Times](https://feedsoft.ai/events/43499-opec-plus-maintains-oil-production-plans-the-new-york-times.md) | +9.7% | +14.1% |
| BRENT | 2018-05-25 | [Russia and Opec agree to boost oil production – The Irish Times](https://feedsoft.ai/events/64939-russia-and-opec-agree-to-boost-oil-production-the-irish-times.md) | -3.5% | -5.4% |
| BRENT | 2022-06-02 | [OPEC+ alliance boosts oil production as energy prices soar \| AP News](https://feedsoft.ai/events/40836-opec-alliance-boosts-oil-production-as-energy-prices-soar-ap-news.md) | +6.0% | -0.6% |
| BRENT | 2019-08-31 | [OPEC Abandons ‘’Whatever It Takes Strategy’’, Boosts Production \| OilPrice.com](https://feedsoft.ai/events/57502-opec-abandons-whatever-it-takes-strategy-boosts-production-oilprice-com.md) | +1.1% | +2.4% |
| BRENT | 2022-12-04 | [OPEC Plus opts against cutting production as oil prices fall - The Washington Post](https://feedsoft.ai/events/38138-opec-plus-opts-against-cutting-production-as-oil-prices-fall-the-washington-post.md) | -11.4% | -5.6% |
| WTI | 2021-12-02 | [OPEC Plus Maintains Oil Production Plans - The New York Times](https://feedsoft.ai/events/43499-opec-plus-maintains-oil-production-plans-the-new-york-times.md) | +10.6% | +17.4% |
| WTI | 2018-05-25 | [Russia and Opec agree to boost oil production – The Irish Times](https://feedsoft.ai/events/64939-russia-and-opec-agree-to-boost-oil-production-the-irish-times.md) | -7.0% | -2.7% |
| WTI | 2022-06-02 | [OPEC+ alliance boosts oil production as energy prices soar \| AP News](https://feedsoft.ai/events/40836-opec-alliance-boosts-oil-production-as-energy-prices-soar-ap-news.md) | +5.8% | -7.1% |

## Sources

- nytimes.com: https://www.nytimes.com/2026/03/01/world/middleeast/opec-plus-oil-production-prices.html

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