# OPEC⁺ faces moment of truth on planned output increase

> OPEC+ faces a decision on its planned output increase, with total production scheduled to rise by about 180,000 b/d each month in the fourth quarter of 2024. The plan then moves to 210,000 b/d monthly in the first nine months of 2025.

- Date: 2024-08-22 · published 2024-08-22T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/28688-opec-faces-moment-of-truth-on-planned-output-increase
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A steady schedule of monthly increases adds supply over the next year and pressures crude prices. Any pause would tighten the market and support energy costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-06-01 | [OPEC+ agrees to continue planned crude output increases](https://feedsoft.ai/events/46499-opec-agrees-to-continue-planned-crude-output-increases.md) | +2.4% | +7.5% |
| BRENT | 2021-12-02 | [OPEC to proceed with plans to increase January oil output](https://feedsoft.ai/events/43503-opec-to-proceed-with-plans-to-increase-january-oil-output.md) | +9.7% | +14.1% |
| BRENT | 2025-11-01 | [Oil settles lower as OPEC plans to increase oil output](https://feedsoft.ai/events/22562-oil-settles-lower-as-opec-plans-to-increase-oil-output.md) | -2.4% | -2.5% |
| BRENT | 2021-09-01 | [OPEC+ Ministers Recommend Sticking With Planned Output Increases - Bloomberg](https://feedsoft.ai/events/44978-opec-ministers-recommend-sticking-with-planned-output-increases-bloomberg.md) | -2.2% | +7.5% |
| BRENT | 2026-08-02 | [OPEC, Allies Increase Oil Output for Sixth Time in a Row - WSJ](https://feedsoft.ai/events/17820-opec-allies-increase-oil-output-for-sixth-time-in-a-row-wsj.md) | -8.5% | -4.2% |
| WTI | 2021-06-01 | [OPEC+ agrees to continue planned crude output increases](https://feedsoft.ai/events/46499-opec-agrees-to-continue-planned-crude-output-increases.md) | +4.4% | +10.0% |
| WTI | 2021-12-02 | [OPEC to proceed with plans to increase January oil output](https://feedsoft.ai/events/43503-opec-to-proceed-with-plans-to-increase-january-oil-output.md) | +10.6% | +17.4% |
| WTI | 2025-11-01 | [Oil settles lower as OPEC plans to increase oil output](https://feedsoft.ai/events/22562-oil-settles-lower-as-opec-plans-to-increase-oil-output.md) | -2.0% | -3.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/opec-faces-moment-truth-planned-output-increase-kemp-2024-08-22/

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