# Behind OPEC+ oil output hike, Saudi-Russian tensions simmer

> On June 2, eight key OPEC+ members agreed to raise production by 411,000 barrels per day from July. The group is unwinding voluntary cuts made over the past five years. The article points to tensions between Saudi Arabia and Russia behind the decision.

- Date: 2025-06-02 · published 2025-06-02T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/24126-behind-opec-oil-output-hike-saudi-russian-tensions-simmer
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Steady OPEC+ volume increases add crude supply and push prices lower over time. Weaker crude reduces energy costs and eases pressure on biofuel demand for oils.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-12-02 | [Oil Plunges 4.8% as Russia Is Said to Propose OPEC+ Output Hike - Bloomberg](https://feedsoft.ai/events/6306-oil-plunges-4-8-as-russia-is-said-to-propose-opec-output-hike-bloomberg.md) | +10.6% | +17.4% |
| WTI | 2018-05-25 | [Oil prices are plunging as Russians and Saudis rethink output caps](https://feedsoft.ai/events/64937-oil-prices-are-plunging-as-russians-and-saudis-rethink-output-caps.md) | -7.0% | -2.7% |
| WTI | 2025-10-05 | [Oil rises after OPEC+ hikes output less than expected \| Reuters](https://feedsoft.ai/events/22303-oil-rises-after-opec-hikes-output-less-than-expected-reuters.md) | -3.1% | +0.2% |
| WTI | 2024-09-26 | [OPEC+ set to go ahead with Dec oil output hike, sources say \| Reuters](https://feedsoft.ai/events/28237-opec-set-to-go-ahead-with-dec-oil-output-hike-sources-say-reuters.md) | +0.5% | +1.4% |
| WTI | 2025-03-03 | [OPEC+ to proceed with planned April oil output hike](https://feedsoft.ai/events/25481-opec-to-proceed-with-planned-april-oil-output-hike.md) | -3.9% | -0.4% |
| BRENT | 2021-12-02 | [Oil Plunges 4.8% as Russia Is Said to Propose OPEC+ Output Hike - Bloomberg](https://feedsoft.ai/events/6306-oil-plunges-4-8-as-russia-is-said-to-propose-opec-output-hike-bloomberg.md) | +9.7% | +14.1% |
| BRENT | 2025-10-05 | [Oil rises after OPEC+ hikes output less than expected \| Reuters](https://feedsoft.ai/events/22303-oil-rises-after-opec-hikes-output-less-than-expected-reuters.md) | -2.7% | -0.1% |
| BRENT | 2024-09-26 | [OPEC+ set to go ahead with Dec oil output hike, sources say \| Reuters](https://feedsoft.ai/events/28237-opec-set-to-go-ahead-with-dec-oil-output-hike-sources-say-reuters.md) | -0.1% | +0.5% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/behind-opec-oil-output-hike-saudi-russian-tensions-simmer-2025-06-02/

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