# Opec+ 8 agree 137,000 b/d quota hike for November | Latest Market News

> The eight core OPEC+ producers agreed to raise their collective output ceiling by 137,000 b/d in November as they begin unwinding 1.65 million b/d of voluntary cuts. The group avoided committing to guidance beyond the coming month.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31115-opec-8-agree-137-000-b-d-quota-hike-for-november-latest-market-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Gradual supply additions limit crude upside, keeping energy and freight costs contained for feed buyers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-03-25 | [Opec+ 8 speeds up output hike to 548,000 b/d for August \| Latest Market News](https://feedsoft.ai/events/31112-opec-8-speeds-up-output-hike-to-548-000-b-d-for-august-latest-market-news.md) | +1.9% | +2.3% |
| BRENT | 2025-10-03 | [OPEC+ agrees to modest oil production increase for November](https://feedsoft.ai/events/22305-opec-agrees-to-modest-oil-production-increase-for-november.md) | +2.2% | +0.4% |
| BRENT | 2021-07-19 | [Arab News \| OPEC+ members agree to raise output by 400,000 barrels a day from August](https://feedsoft.ai/events/45990-arab-news-opec-members-agree-to-raise-output-by-400-000-barrels-a-day-from.md) | +0.6% | -4.4% |
| BRENT | 2025-10-05 | [Opec+ plus to raise oil production by 137,000 barrels a day in November](https://feedsoft.ai/events/22306-opec-plus-to-raise-oil-production-by-137-000-barrels-a-day-in-november.md) | -2.7% | -0.1% |
| BRENT | 2022-07-18 | [OPEC+ Agrees to 100,000 bpd Oil Production Increase for September](https://feedsoft.ai/events/40406-opec-agrees-to-100-000-bpd-oil-production-increase-for-september.md) | -1.5% | -5.3% |
| WTI | 2024-03-25 | [Opec+ 8 speeds up output hike to 548,000 b/d for August \| Latest Market News](https://feedsoft.ai/events/31112-opec-8-speeds-up-output-hike-to-548-000-b-d-for-august-latest-market-news.md) | +4.1% | +3.2% |
| WTI | 2025-10-03 | [OPEC+ agrees to modest oil production increase for November](https://feedsoft.ai/events/22305-opec-agrees-to-modest-oil-production-increase-for-november.md) | +1.7% | +0.1% |
| WTI | 2021-07-19 | [Arab News \| OPEC+ members agree to raise output by 400,000 barrels a day from August](https://feedsoft.ai/events/45990-arab-news-opec-members-agree-to-raise-output-by-400-000-barrels-a-day-from.md) | +0.6% | -4.7% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2739064-opec-8-agree-137-000-b-d-quota-hike-for-november

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