# OPEC+ agrees oil output increase from February | Reuters

> OPEC+ agreed on January 4, 2022 to keep its planned oil output increase of 400,000 barrels per day for February. The group said the Omicron variant would likely have only a short-lived effect on energy demand.

- Date: 2022-01-04 · published 2022-01-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43057-opec-agrees-oil-output-increase-from-february-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A planned supply increase adds crude to the market, which tends to weigh on crude prices. Crude moves feed through to diesel, freight, fertilizer and biofuel feedstock costs that affect feed prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-01-04 | [OPEC+ agrees oil output hike from February as omicron Covid cases soar](https://feedsoft.ai/events/43061-opec-agrees-oil-output-hike-from-february-as-omicron-covid-cases-soar.md) | +3.3% | +16.7% |
| BRENT | 2021-07-18 | [OPEC+ Members Agree To Increase Oil Output By 400,000 BPD Every Month From August](https://feedsoft.ai/events/45991-opec-members-agree-to-increase-oil-output-by-400-000-bpd-every-month-from-august.md) | +0.6% | -4.4% |
| BRENT | 2021-04-27 | [OPEC+ sticks to plan to ease oil output cuts from May 1 \| Reuters](https://feedsoft.ai/events/47504-opec-sticks-to-plan-to-ease-oil-output-cuts-from-may-1-reuters.md) | +3.2% | +4.5% |
| BRENT | 2025-09-07 | [OPEC+ agrees further oil output boost from October to regain market share \| Reuters](https://feedsoft.ai/events/22768-opec-agrees-further-oil-output-boost-from-october-to-regain-market-share-reuters.md) | +3.4% | +0.2% |
| BRENT | 2026-02-13 | [EXCLUSIVE: OPEC+ leans towards resumption in oil output increases from April, sources say \| Reuters](https://feedsoft.ai/events/20513-exclusive-opec-leans-towards-resumption-in-oil-output-increases-from-april.md) | +5.5% | +47.7% |
| WTI | 2022-01-04 | [OPEC+ agrees oil output hike from February as omicron Covid cases soar](https://feedsoft.ai/events/43061-opec-agrees-oil-output-hike-from-february-as-omicron-covid-cases-soar.md) | +2.8% | +16.0% |
| WTI | 2021-07-18 | [OPEC+ Members Agree To Increase Oil Output By 400,000 BPD Every Month From August](https://feedsoft.ai/events/45991-opec-members-agree-to-increase-oil-output-by-400-000-bpd-every-month-from-august.md) | +0.6% | -4.7% |
| WTI | 2021-04-27 | [OPEC+ sticks to plan to ease oil output cuts from May 1 \| Reuters](https://feedsoft.ai/events/47504-opec-sticks-to-plan-to-ease-oil-output-cuts-from-may-1-reuters.md) | +4.0% | +6.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/opec-seen-sticking-planned-february-output-increase-2022-01-04/

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