# Why OPEC+ is accelerating oil production as prices tank, tariffs hit

> OPEC+ agreed to accelerate oil output increases, nearly tripling the planned May increase, even as prices fell on Trump's tariff announcements. Goldman Sachs and JPMorgan cut forecasts and raised recession odds.

- Date: 2025-04-04 · published 2025-04-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/25276-why-opec-is-accelerating-oil-production-as-prices-tank-tariffs-hit
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher OPEC+ supply combined with tariff-driven demand worries points to lower crude prices, which pressures biofuel and vegetable oil values.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2025-04-07 | 5 | -15.6% | -5.6 | It explains OPEC+ nearly tripling the May hike while Goldman and JPMorgan cut forecasts and raised recession odds, adding bearish sentiment. |
| WTI | 2025-04-07 | 5 | -15.5% | -4.6 | OPEC+ accelerating output while Goldman and JPMorgan cut forecasts and raised recession odds reinforced the supply and demand bearishness. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-12-04 | [OPEC Plus opts against cutting production as oil prices fall - The Washington Post](https://feedsoft.ai/events/38138-opec-plus-opts-against-cutting-production-as-oil-prices-fall-the-washington-post.md) | -11.1% | -3.8% |
| WTI | 2018-06-23 | [OPEC deal to raise oil production will 'rein in prices' - Algerian PM](https://feedsoft.ai/events/64448-opec-deal-to-raise-oil-production-will-rein-in-prices-algerian-pm.md) | +7.6% | -1.4% |
| WTI | 2019-08-31 | [OPEC Abandons ‘’Whatever It Takes Strategy’’, Boosts Production \| OilPrice.com](https://feedsoft.ai/events/57502-opec-abandons-whatever-it-takes-strategy-boosts-production-oilprice-com.md) | +2.5% | +1.6% |
| WTI | 2024-07-18 | [OPEC+ will stick to oil production hike plan as upcoming meeting, delegates report](https://feedsoft.ai/events/29162-opec-will-stick-to-oil-production-hike-plan-as-upcoming-meeting-delegates-report.md) | -6.4% | -6.9% |
| WTI | 2025-06-01 | [OPEC+ to Increase Oil Production—Again](https://feedsoft.ai/events/24856-opec-to-increase-oil-production-again.md) | +6.2% | +7.6% |
| BRENT | 2022-12-04 | [OPEC Plus opts against cutting production as oil prices fall - The Washington Post](https://feedsoft.ai/events/38138-opec-plus-opts-against-cutting-production-as-oil-prices-fall-the-washington-post.md) | -11.4% | -5.6% |
| BRENT | 2018-06-23 | [OPEC deal to raise oil production will 'rein in prices' - Algerian PM](https://feedsoft.ai/events/64448-opec-deal-to-raise-oil-production-will-rein-in-prices-algerian-pm.md) | +5.1% | -2.8% |
| BRENT | 2019-08-31 | [OPEC Abandons ‘’Whatever It Takes Strategy’’, Boosts Production \| OilPrice.com](https://feedsoft.ai/events/57502-opec-abandons-whatever-it-takes-strategy-boosts-production-oilprice-com.md) | +1.1% | +2.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2025/04/04/why-opec-is-accelerating-oil-production-as-prices-tank-tariffs-hit.html

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