# EXCLUSIVE: OPEC+ to further speed up oil output hikes, sources say | Reuters

> Five OPEC+ sources said the group will accelerate its oil output hikes and could return as much as 2.2 million barrels per day to the market by November. The report said Saudi Arabia is seeking to punish some fellow members for exceeding quotas. The sources spoke ahead of the group's planned meetings.

- Date: 2025-05-04 · published 2025-05-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/24604-exclusive-opec-to-further-speed-up-oil-output-hikes-sources-say-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

An accelerated return of 2.2 million barrels per day would significantly expand supply and push crude prices lower. Weaker crude reduces the energy-linked support for biofuels and vegetable oils.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-29 | [EXCLUSIVE: OPEC+ likely to agree another oil output hike without UAE, sources say \| Reuters](https://feedsoft.ai/events/19608-exclusive-opec-likely-to-agree-another-oil-output-hike-without-uae-sources-say.md) | -1.9% | -16.4% |
| BRENT | 2025-09-28 | [EXCLUSIVE: OPEC+ plans another oil output hike in November, sources say \| Reuters](https://feedsoft.ai/events/22770-exclusive-opec-plans-another-oil-output-hike-in-november-sources-say-reuters.md) | -7.5% | -6.8% |
| BRENT | 2025-07-07 | [EXCLUSIVE: OPEC+ set to complete big oil output cut unwinding in Sept, sources say \| Reuters](https://feedsoft.ai/events/23670-exclusive-opec-set-to-complete-big-oil-output-cut-unwinding-in-sept-sources-say.md) | +2.2% | +0.7% |
| BRENT | 2026-02-25 | [EXCLUSIVE: OPEC+ to consider 137,000 bpd oil output increase for April, sources say \| Reuters](https://feedsoft.ai/events/20512-exclusive-opec-to-consider-137-000-bpd-oil-output-increase-for-april-sources.md) | +16.0% | +49.9% |
| BRENT | 2025-06-27 | [OPEC+ set to make another accelerated oil output hike for August, sources say \| Reuters](https://feedsoft.ai/events/24125-opec-set-to-make-another-accelerated-oil-output-hike-for-august-sources-say.md) | +2.1% | +2.4% |
| WTI | 2026-04-29 | [EXCLUSIVE: OPEC+ likely to agree another oil output hike without UAE, sources say \| Reuters](https://feedsoft.ai/events/19608-exclusive-opec-likely-to-agree-another-oil-output-hike-without-uae-sources-say.md) | +2.2% | -10.9% |
| WTI | 2025-09-28 | [EXCLUSIVE: OPEC+ plans another oil output hike in November, sources say \| Reuters](https://feedsoft.ai/events/22770-exclusive-opec-plans-another-oil-output-hike-in-november-sources-say-reuters.md) | -7.3% | -6.4% |
| WTI | 2025-07-07 | [EXCLUSIVE: OPEC+ set to complete big oil output cut unwinding in Sept, sources say \| Reuters](https://feedsoft.ai/events/23670-exclusive-opec-set-to-complete-big-oil-output-cut-unwinding-in-sept-sources-say.md) | +2.4% | +0.7% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-further-speed-up-oil-output-hikes-three-sources-say-2025-05-04/

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