# OPEC+ Agrees in Principle to Another Bumper Supply Increase - Bloomberg

> OPEC+ agreed in principle to a 548,000 barrel-per-day production increase for September, completing the revival of a halted supply tranche. The decision was set for a video conference on Sunday.

- Date: 2025-08-02 · published 2025-08-02T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/23231-opec-agrees-in-principle-to-another-bumper-supply-increase-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Additional OPEC+ barrels expand supply and put downward pressure on crude, which influences energy and input costs across agriculture.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-04-01 | [OPEC Supply Rises as Iran Rebound Complicates Balancing Task - Bloomberg](https://feedsoft.ai/events/47510-opec-supply-rises-as-iran-rebound-complicates-balancing-task-bloomberg.md) | -1.4% | +7.7% |
| 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 | 2026-06-01 | [OPEC Plus, in Symbolic Gesture, to Increase Oil Production](https://feedsoft.ai/events/19153-opec-plus-in-symbolic-gesture-to-increase-oil-production.md) | +2.9% | -23.1% |
| BRENT | 2025-05-27 | [Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns](https://feedsoft.ai/events/24853-oil-prices-ease-as-us-iran-talks-opec-plans-spur-supply-concerns.md) | +0.8% | +12.0% |
| BRENT | 2026-03-10 | [Oil Drops 15% as Leaders Move to Contain Supply Shock From Iran War - Bloomberg](https://feedsoft.ai/events/6629-oil-drops-15-as-leaders-move-to-contain-supply-shock-from-iran-war-bloomberg.md) | +4.1% | +27.2% |
| WTI | 2021-04-01 | [OPEC Supply Rises as Iran Rebound Complicates Balancing Task - Bloomberg](https://feedsoft.ai/events/47510-opec-supply-rises-as-iran-rebound-complicates-balancing-task-bloomberg.md) | +0.7% | +9.8% |
| 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 | 2025-05-27 | [Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns](https://feedsoft.ai/events/24853-oil-prices-ease-as-us-iran-talks-opec-plans-spur-supply-concerns.md) | +0.9% | +4.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2025-08-02/opec-agrees-in-principle-to-548k-b-d-hike-in-sept-delegate

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