Exclusive: Kazakh overproduction helped sway OPEC+ to approve output hike, sources say

After 215 past bearish policy events, WTI moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.

• May 4, 2025EXCLUSIVE: OPEC+ to further speed up oil output hikes, sources say | Reuters+4.6%
• Apr 29, 2026EXCLUSIVE: OPEC+ likely to agree another oil output hike without UAE, sources say | Reuters+2.2%
• Sep 28, 2025EXCLUSIVE: OPEC+ plans another oil output hike in November, sources say | Reuters-7.3%
• Feb 13, 2026EXCLUSIVE: OPEC+ leans towards resumption in oil output increases from April, sources say | Reuters+5.7%
• Apr 1, 2025OPEC+ likely to proceed with planned May oil output hike, sources say-15.1%

After 210 past bearish policy events, BRENT moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.

• May 4, 2025EXCLUSIVE: OPEC+ to further speed up oil output hikes, sources say | Reuters+4.3%
• Apr 29, 2026EXCLUSIVE: OPEC+ likely to agree another oil output hike without UAE, sources say | Reuters-1.9%
• Sep 28, 2025EXCLUSIVE: OPEC+ plans another oil output hike in November, sources say | Reuters-7.5%
• Feb 13, 2026EXCLUSIVE: OPEC+ leans towards resumption in oil output increases from April, sources say | Reuters+5.5%
• Apr 1, 2025OPEC+ likely to proceed with planned May oil output hike, sources say-14.2%