# Rystad Energy: OPEC+ announces crude production increase following US-Israel strikes on Iran | Oilfield Technology

> Rystad Energy says the OPEC+ increase was larger than expected but stopped short of a forceful response. Saudi Arabia has already raised exports to their highest level in three years. The analyst stresses that physical access to export routes matters more than headline output targets.

- Date: 2026-03-02 · published 2026-03-02T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/20083-rystad-energy-opec-announces-crude-production-increase-following-us-israel
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

With roughly a fifth of global oil supply passing through Hormuz, flow constraints are the key price driver. The 206,000 bpd increase is small against demand above 100 million bpd, so it does not offset the disruption.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-06-16 | [European oil products rise further amid fresh Israel-Iran strikes](https://feedsoft.ai/events/8386-european-oil-products-rise-further-amid-fresh-israel-iran-strikes.md) | +3.7% | -5.2% |
| BRENT | 2017-02-01 | [Oil prices stabilise as Russia joins OPEC in production cut - Offshore Energy](https://feedsoft.ai/events/72669-oil-prices-stabilise-as-russia-joins-opec-in-production-cut-offshore-energy.md) | -1.9% | -1.8% |
| BRENT | 2026-09-06 | [OPEC Plus Holds Oil Production Steady as U.S.-Iran Strikes Resume - The New York Times](https://feedsoft.ai/events/17379-opec-plus-holds-oil-production-steady-as-u-s-iran-strikes-resume-the-new-york.md) | +12.0% | +18.6% |
| BRENT | 2023-10-09 | [Oil prices rise following Hamas attack on Israel](https://feedsoft.ai/events/9280-oil-prices-rise-following-hamas-attack-on-israel.md) | +7.4% | +0.0% |
| BRENT | 2025-03-24 | [Crude Oil Rallies on Tougher Iranian Sanctions and OPEC+ Uncertainty \| Investing.com AU](https://feedsoft.ai/events/25752-crude-oil-rallies-on-tougher-iranian-sanctions-and-opec-uncertainty-investing.md) | +2.4% | -6.4% |
| WTI | 2017-02-01 | [Oil prices stabilise as Russia joins OPEC in production cut - Offshore Energy](https://feedsoft.ai/events/72669-oil-prices-stabilise-as-russia-joins-opec-in-production-cut-offshore-energy.md) | -1.1% | +2.0% |
| WTI | 2026-09-06 | [OPEC Plus Holds Oil Production Steady as U.S.-Iran Strikes Resume - The New York Times](https://feedsoft.ai/events/17379-opec-plus-holds-oil-production-steady-as-u-s-iran-strikes-resume-the-new-york.md) | +9.3% | +3.6% |
| WTI | 2023-10-09 | [Oil prices rise following Hamas attack on Israel](https://feedsoft.ai/events/9280-oil-prices-rise-following-hamas-attack-on-israel.md) | +5.9% | -2.2% |

## Sources

- oilfieldtechnology.com: https://www.oilfieldtechnology.com/special-reports/02032026/rystad-energy-opec-announces-crude-production-increase-following-us-israel-strikes-on-iran/

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