# OPEC+ brings forward oil output rises as Biden's Saudi visit looms | Reuters

> OPEC+ moved to bring forward oil output increases ahead of a possible Biden visit to Saudi Arabia for a summit with Gulf leaders. Washington sought clarity on production plans, and the group will have limited spare capacity to lift output further by September when the current deal expires.

- Date: 2022-06-02 · published 2022-06-02T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/40834-opec-brings-forward-oil-output-rises-as-biden-s-saudi-visit-looms-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Accelerated OPEC+ supply additions and limited remaining spare capacity shape the crude outlook, which feeds into diesel, fertilizer and freight costs for feed producers. Tight spare capacity keeps upward pressure on energy-linked input prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-10-31 | [OPEC oil output rises to highest since 2016 despite Iran - Reuters survey](https://feedsoft.ai/events/62453-opec-oil-output-rises-to-highest-since-2016-despite-iran-reuters-survey.md) | -6.0% | -24.2% |
| WTI | 2018-09-21 | [Exclusive - OPEC and allies consider oil output boost as Iranian supply falls: source \| Reuters](https://feedsoft.ai/events/62930-exclusive-opec-and-allies-consider-oil-output-boost-as-iranian-supply-falls.md) | +1.9% | -3.0% |
| WTI | 2026-05-03 | [OPEC+ agrees third oil output quota hike since Hormuz closure \| Reuters](https://feedsoft.ai/events/19147-opec-agrees-third-oil-output-quota-hike-since-hormuz-closure-reuters.md) | -6.3% | -9.2% |
| WTI | 2025-08-05 | [Oil prices fall as OPEC+ output hikes counter Russia disruption concerns \| Reuters](https://feedsoft.ai/events/23233-oil-prices-fall-as-opec-output-hikes-counter-russia-disruption-concerns-reuters.md) | -3.4% | -1.7% |
| WTI | 2020-03-08 | [Saudi Arabia slashes April oil selling prices as OPEC+ fails to extend output curbs](https://feedsoft.ai/events/4424-saudi-arabia-slashes-april-oil-selling-prices-as-opec-fails-to-extend-output.md) | -23.0% | -31.2% |
| BRENT | 2018-10-31 | [OPEC oil output rises to highest since 2016 despite Iran - Reuters survey](https://feedsoft.ai/events/62453-opec-oil-output-rises-to-highest-since-2016-despite-iran-reuters-survey.md) | -5.8% | -21.0% |
| BRENT | 2018-09-21 | [Exclusive - OPEC and allies consider oil output boost as Iranian supply falls: source \| Reuters](https://feedsoft.ai/events/62930-exclusive-opec-and-allies-consider-oil-output-boost-as-iranian-supply-falls.md) | +3.5% | +1.2% |
| BRENT | 2026-05-03 | [OPEC+ agrees third oil output quota hike since Hormuz closure \| Reuters](https://feedsoft.ai/events/19147-opec-agrees-third-oil-output-quota-hike-since-hormuz-closure-reuters.md) | -9.5% | -14.6% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-working-making-up-lower-russian-oil-output-2022-06-02/

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