# Oil Traders Brace For Another Saudi-Led OPEC+ Oil Supply Surge

> Traders expect Saudi Arabia to push OPEC+ to agree another large supply increase at its May 5 meeting, with about 60% of surveyed traders predicting a June hike above the scheduled amount. Earlier in April, OPEC+ revived 411,000 barrels a day for May, three times the planned volume. Brent briefly fell below $60 before trading near $63.

- Date: 2025-04-30 · published 2025-04-30T12:00:00.000Z
- Category: policy · region Global · magnitude high
- Page: https://feedsoft.ai/events/25327-oil-traders-brace-for-another-saudi-led-opec-oil-supply-surge
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expected extra supply from OPEC+ would add to bearish pressure on crude, which feeds into diesel costs and vegetable oil prices. The political angle, including Riyadh's ties with Washington, adds uncertainty.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-01-28 | [Saudi, other OPEC+ ministers meet after Trump calls for lower oil price](https://feedsoft.ai/events/26421-saudi-other-opec-ministers-meet-after-trump-calls-for-lower-oil-price.md) | -1.3% | -3.1% |
| BRENT | 2018-06-23 | [OPEC+ Agrees to Oil-Supply Boost in Victory for Saudis, Russia - Bloomberg](https://feedsoft.ai/events/64447-opec-agrees-to-oil-supply-boost-in-victory-for-saudis-russia-bloomberg.md) | +5.1% | -2.8% |
| BRENT | 2021-07-18 | [OPEC+ agrees oil supply boost after UAE, Saudi reach compromise \| Reuters](https://feedsoft.ai/events/45985-opec-agrees-oil-supply-boost-after-uae-saudi-reach-compromise-reuters.md) | +0.6% | -4.4% |
| 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% |
| BRENT | 2025-09-07 | [Opec+ agrees another rise in oil output for October \| The National](https://feedsoft.ai/events/22772-opec-agrees-another-rise-in-oil-output-for-october-the-national.md) | +3.4% | +0.2% |
| WTI | 2025-01-28 | [Saudi, other OPEC+ ministers meet after Trump calls for lower oil price](https://feedsoft.ai/events/26421-saudi-other-opec-ministers-meet-after-trump-calls-for-lower-oil-price.md) | +0.0% | -5.9% |
| WTI | 2018-06-23 | [OPEC+ Agrees to Oil-Supply Boost in Victory for Saudis, Russia - Bloomberg](https://feedsoft.ai/events/64447-opec-agrees-to-oil-supply-boost-in-victory-for-saudis-russia-bloomberg.md) | +7.6% | -1.4% |
| WTI | 2021-07-18 | [OPEC+ agrees oil supply boost after UAE, Saudi reach compromise \| Reuters](https://feedsoft.ai/events/45985-opec-agrees-oil-supply-boost-after-uae-saudi-reach-compromise-reuters.md) | +0.6% | -4.7% |

## Sources

- ndtvprofit.com: https://www.ndtvprofit.com/world/oil-traders-brace-for-another-saudi-led-opec-oil-supply-surge-9867762

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