# OPEC reshapes production to 648.000 barrels daily

> OPEC+ agreed on Thursday to raise overall monthly production by 648,000 barrels per day for August, after the same increase for July. The 31st ministerial meeting was scheduled for 3 August. Angola's quota rose to 1.502 million bpd, and its compensation period was extended to December 2022.

- Date: 2022-07-01 · published 2022-07-01T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/40407-opec-reshapes-production-to-648-000-barrels-daily
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The routine monthly increase adds modest supply that low-performing members may not fully deliver. The effect on crude costs for feed producers is limited.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-03-31 | [OPEC+ revises production growth plan to 432,000 barrels daily — source -  Business & Economy - TASS](https://feedsoft.ai/events/42178-opec-revises-production-growth-plan-to-432-000-barrels-daily-source-business.md) | -10.6% | -2.2% |
| WTI | 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) | -3.1% | +0.2% |
| WTI | 2026-08-02 | [OPEC+ boosts September production by 188,000 barrels per day](https://feedsoft.ai/events/17821-opec-boosts-september-production-by-188-000-barrels-per-day.md) | -7.5% | -1.7% |
| WTI | 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) | -2.2% | -5.0% |
| WTI | 2025-06-01 | [OPEC+ to Increase Oil Production—Again](https://feedsoft.ai/events/24856-opec-to-increase-oil-production-again.md) | +6.2% | +7.6% |
| BRENT | 2022-03-31 | [OPEC+ revises production growth plan to 432,000 barrels daily — source -  Business & Economy - TASS](https://feedsoft.ai/events/42178-opec-revises-production-growth-plan-to-432-000-barrels-daily-source-business.md) | -11.9% | -6.8% |
| 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 | 2026-08-02 | [OPEC+ boosts September production by 188,000 barrels per day](https://feedsoft.ai/events/17821-opec-boosts-september-production-by-188-000-barrels-per-day.md) | -8.5% | -4.2% |

## Sources

- angop.ao: https://angop.ao/en/noticias/economia/opep-ajusta-producao-para-648-mil-barris-dia-para-agosto/

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