# OPEC+ Resolves to Continue with Gradual 400,000 bpd Oil Output Hikes – Arise News

> OPEC+ agreed on Thursday to raise output targets by 432,000 bpd for May, continuing its gradual reopening strategy. Brent fell 5.6 percent to $107.05 after recently overshooting $100, and Nigeria's quota was raised slightly.

- Date: 2022-04-01 · published 2022-04-01T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/41756-opec-resolves-to-continue-with-gradual-400-000-bpd-oil-output-hikes-arise-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Stable gradual increases signal limited relief for tight crude, which keeps energy and transport costs high for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-12-02 | [Oil Hits 9-Month High After OPEC+ Agrees to Gradual Output Hike - Bloomberg](https://feedsoft.ai/events/49555-oil-hits-9-month-high-after-opec-agrees-to-gradual-output-hike-bloomberg.md) | +3.4% | +8.1% |
| BRENT | 2018-04-20 | [OPEC, Russia want to continue output curbs on oil to boost investment \| Business News](https://feedsoft.ai/events/65427-opec-russia-want-to-continue-output-curbs-on-oil-to-boost-investment-business.md) | +1.0% | +7.2% |
| BRENT | 2017-12-01 | [Mexico agrees to continue output cut in line with OPEC - BNamericas](https://feedsoft.ai/events/67412-mexico-agrees-to-continue-output-cut-in-line-with-opec-bnamericas.md) | -2.0% | +4.9% |
| BRENT | 2021-10-04 | [OPEC+ sticks to plan for gradual oil output hike, price roars higher](https://feedsoft.ai/events/44442-opec-sticks-to-plan-for-gradual-oil-output-hike-price-roars-higher.md) | +3.7% | +5.5% |
| BRENT | 2021-11-04 | [OPEC+ sticks with 400,000 b/d oil output hike for December, despite US pleas](https://feedsoft.ai/events/43982-opec-sticks-with-400-000-b-d-oil-output-hike-for-december-despite-us-pleas.md) | +1.5% | -15.1% |
| WTI | 2020-12-02 | [Oil Hits 9-Month High After OPEC+ Agrees to Gradual Output Hike - Bloomberg](https://feedsoft.ai/events/49555-oil-hits-9-month-high-after-opec-agrees-to-gradual-output-hike-bloomberg.md) | +2.4% | +8.4% |
| WTI | 2018-04-20 | [OPEC, Russia want to continue output curbs on oil to boost investment \| Business News](https://feedsoft.ai/events/65427-opec-russia-want-to-continue-output-curbs-on-oil-to-boost-investment-business.md) | -0.2% | +4.7% |
| WTI | 2017-12-01 | [Mexico agrees to continue output cut in line with OPEC - BNamericas](https://feedsoft.ai/events/67412-mexico-agrees-to-continue-output-cut-in-line-with-opec-bnamericas.md) | -1.5% | +5.3% |

## Sources

- arise.tv: https://www.arise.tv/opec-resolves-to-continue-with-gradual-400000-bpd-oil-output-hikes/

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