# OPEC+ makes another large oil output hike in market share push

> OPEC+ agreed to raise oil production by about 547,000 barrels per day for September, completing the phase-out of its largest voluntary output cut. Oil prices were reported weaker on the news.

- Date: 2025-08-03 · published 2025-08-03T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/23228-opec-makes-another-large-oil-output-hike-in-market-share-push
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Additional supply from OPEC+ adds to oversupply concerns, pressuring crude prices and, through energy costs, feed production and freight expenses.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-03-25 | [Opec+ 7 agree another output target hike in August \| Latest Market News](https://feedsoft.ai/events/31111-opec-7-agree-another-output-target-hike-in-august-latest-market-news.md) | +4.1% | +3.2% |
| WTI | 2020-07-15 | [OPEC agrees to ease oil output cut to 7.7 mbpd in Aug.](https://feedsoft.ai/events/52009-opec-agrees-to-ease-oil-output-cut-to-7-7-mbpd-in-aug.md) | +3.8% | +3.1% |
| WTI | 2026-05-03 | [OPEC+ agrees third oil output quota hike since Hormuz closure \| Reuters](https://feedsoft.ai/events/19147-opec-agrees-third-oil-output-quota-hike-since-hormuz-closure-reuters.md) | -6.3% | -9.2% |
| WTI | 2018-06-21 | [OPEC ready to put more oil into a market that very much needs it - FreightWaves](https://feedsoft.ai/events/64698-opec-ready-to-put-more-oil-into-a-market-that-very-much-needs-it-freightwaves.md) | +14.9% | +5.2% |
| WTI | 2020-07-31 | [OPEC+ plans to pump more crude into a precarious global oil market](https://feedsoft.ai/events/52006-opec-plans-to-pump-more-crude-into-a-precarious-global-oil-market.md) | +5.2% | +7.7% |
| BRENT | 2024-03-25 | [Opec+ 7 agree another output target hike in August \| Latest Market News](https://feedsoft.ai/events/31111-opec-7-agree-another-output-target-hike-in-august-latest-market-news.md) | +1.9% | +2.3% |
| BRENT | 2020-07-15 | [OPEC agrees to ease oil output cut to 7.7 mbpd in Aug.](https://feedsoft.ai/events/52009-opec-agrees-to-ease-oil-output-cut-to-7-7-mbpd-in-aug.md) | +3.2% | +2.7% |
| BRENT | 2026-05-03 | [OPEC+ agrees third oil output quota hike since Hormuz closure \| Reuters](https://feedsoft.ai/events/19147-opec-agrees-third-oil-output-quota-hike-since-hormuz-closure-reuters.md) | -9.5% | -14.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2025/08/03/opec-makes-another-large-oil-output-hike-in-market-share-push-.html
- reuters.com: https://www.reuters.com/business/energy/opec-makes-another-large-oil-output-hike-market-share-push-2025-08-03/

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