# Arab News | OPEC+ sticks to current oil output plan despite consumers’ pressures

> OPEC+ agreed to stick with its existing policy and raise output by 432,000 bpd from May, with the next meeting set for May 5. The US had urged a faster increase as high energy prices fuel inflation.

- Date: 2022-03-31 · published 2022-03-31T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42179-arab-news-opec-sticks-to-current-oil-output-plan-despite-consumers-pressures
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A modest OPEC+ increase leaves crude supply tight relative to demand, supporting energy and freight costs for feed producers. Recent price declines reduce the chance of larger output increases.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-02-02 | [OPEC+ sticks to planned output hikes despite surging oil prices \| OPEC News \| Al Jazeera](https://feedsoft.ai/events/42631-opec-sticks-to-planned-output-hikes-despite-surging-oil-prices-opec-news-al.md) | +4.1% | +20.3% |
| BRENT | 2025-02-03 | [Opec sticks to production plan despite Trump pressure \| The National](https://feedsoft.ai/events/25951-opec-sticks-to-production-plan-despite-trump-pressure-the-national.md) | -2.9% | -3.9% |
| BRENT | 2022-05-05 | [Opec+ sticks to June output plan as oil prices continue to rise   \| The National](https://feedsoft.ai/events/41320-opec-sticks-to-june-output-plan-as-oil-prices-continue-to-rise-the-national.md) | -2.5% | +8.0% |
| BRENT | 2022-03-02 | [OPEC+ swerves Ukraine crisis and sticks to oil output plans](https://feedsoft.ai/events/42428-opec-swerves-ukraine-crisis-and-sticks-to-oil-output-plans.md) | +21.0% | +3.3% |
| BRENT | 2022-03-30 | [OPEC+ sticks to modest oil output rises, ditches IEA data](https://feedsoft.ai/events/42174-opec-sticks-to-modest-oil-output-rises-ditches-iea-data.md) | -4.4% | -6.5% |
| WTI | 2022-02-02 | [OPEC+ sticks to planned output hikes despite surging oil prices \| OPEC News \| Al Jazeera](https://feedsoft.ai/events/42631-opec-sticks-to-planned-output-hikes-despite-surging-oil-prices-opec-news-al.md) | +1.3% | +25.5% |
| WTI | 2025-02-03 | [Opec sticks to production plan despite Trump pressure \| The National](https://feedsoft.ai/events/25951-opec-sticks-to-production-plan-despite-trump-pressure-the-national.md) | -2.1% | -5.8% |
| WTI | 2022-05-05 | [Opec+ sticks to June output plan as oil prices continue to rise   \| The National](https://feedsoft.ai/events/41320-opec-sticks-to-june-output-plan-as-oil-prices-continue-to-rise-the-national.md) | -2.1% | +8.4% |

## Sources

- arabnews.com: https://www.arabnews.com/business/opec-sticks-to-current-oil-output-plan-despite-consumers-pressures-2054146

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