# OPEC+ set to go ahead with Dec oil output hike, sources say | Reuters

> OPEC+ is scheduled to raise output by 180,000 barrels per day in December, according to the report. Iraq and Kazakhstan have pledged to cut 123,000 bpd in September to offset earlier overproduction.

- Date: 2024-09-26 · published 2024-09-26T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/28237-opec-set-to-go-ahead-with-dec-oil-output-hike-sources-say-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A planned supply increase from December adds to expected crude availability, which weighs on oil prices unless demand improves. Compensation cuts by overproducing members partly offset that pressure.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-06-27 | [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) | +2.6% | +1.1% |
| WTI | 2024-08-30 | [OPEC+ likely to proceed with planned output hike from October, sources say \| Reuters](https://feedsoft.ai/events/28683-opec-likely-to-proceed-with-planned-output-hike-from-october-sources-say-reuters.md) | -10.8% | -10.5% |
| WTI | 2025-05-04 | [EXCLUSIVE: OPEC+ to further speed up oil output hikes, sources say \| Reuters](https://feedsoft.ai/events/24604-exclusive-opec-to-further-speed-up-oil-output-hikes-sources-say-reuters.md) | +4.6% | +6.4% |
| WTI | 2025-04-01 | [OPEC+ likely to proceed with planned May oil output hike, sources say](https://feedsoft.ai/events/25487-opec-likely-to-proceed-with-planned-may-oil-output-hike-sources-say.md) | -15.1% | -14.5% |
| 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 | 2025-06-27 | [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 | 2024-08-30 | [OPEC+ likely to proceed with planned output hike from October, sources say \| Reuters](https://feedsoft.ai/events/28683-opec-likely-to-proceed-with-planned-output-hike-from-october-sources-say-reuters.md) | -8.9% | -10.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-set-go-ahead-with-dec-oil-output-hike-sources-say-2024-09-26/

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