# OPEC+ revises production growth plan to 432,000 barrels daily — source -  Business & Economy - TASS

> OPEC+ will raise output by 432,000 bpd from May 2022 under a revised plan that changes baseline production levels for Russia, Saudi Arabia, the UAE, Iraq and Kuwait. The change replaces the earlier 400,000 bpd framework.

- Date: 2022-03-31 · published 2022-03-31T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42178-opec-revises-production-growth-plan-to-432-000-barrels-daily-source-business
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Revised baselines allow members to pump more in later months, keeping crude supply growing modestly. The added barrels cap upside in oil prices, which affects energy and input costs for feed buyers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-07-01 | [OPEC reshapes production to 648.000 barrels daily](https://feedsoft.ai/events/40407-opec-reshapes-production-to-648-000-barrels-daily.md) | -7.1% | -7.6% |
| 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% |
| BRENT | 2021-09-01 | [OPEC steadily adds back production as economy recovers \| AP News](https://feedsoft.ai/events/44980-opec-steadily-adds-back-production-as-economy-recovers-ap-news.md) | -2.2% | +7.5% |
| BRENT | 2026-08-02 | [OPEC+ to Raise Oil Output by 188,000 Barrels a Day From September - Seoul Economic Daily](https://feedsoft.ai/events/17826-opec-to-raise-oil-output-by-188-000-barrels-a-day-from-september-seoul-economic.md) | -8.5% | -4.2% |
| WTI | 2022-07-01 | [OPEC reshapes production to 648.000 barrels daily](https://feedsoft.ai/events/40407-opec-reshapes-production-to-648-000-barrels-daily.md) | -0.9% | -6.2% |
| 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% |

## Sources

- tass.com: https://tass.com/economy/1430417

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