# OPEC, allies keep gradually pumping more oil amid omicron | AP News

> The 23-member OPEC+ alliance, led by Saudi Arabia and Russia, said it would add 400,000 barrels per day in February. The increase continues a road map to gradually restore output cut during the pandemic.

- Date: 2022-01-04 · published 2022-01-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43059-opec-allies-keep-gradually-pumping-more-oil-amid-omicron-ap-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Adding barrels to the market under this road map is a bearish factor for crude. Lower crude costs reduce pressure on diesel, freight and biofuel-linked feed ingredients.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-03-31 | [OPEC and allies agree to gradually boost crude oil output \| AP News](https://feedsoft.ai/events/47508-opec-and-allies-agree-to-gradually-boost-crude-oil-output-ap-news.md) | -1.9% | +5.4% |
| BRENT | 2025-07-07 | [OPEC+ is pumping more oil, but is it needed and at what price?](https://feedsoft.ai/events/23674-opec-is-pumping-more-oil-but-is-it-needed-and-at-what-price.md) | +2.2% | +0.7% |
| BRENT | 2021-07-18 | [OPEC, allies agree to boost supply, gradually end oil production cuts](https://feedsoft.ai/events/45987-opec-allies-agree-to-boost-supply-gradually-end-oil-production-cuts.md) | +0.6% | -4.4% |
| BRENT | 2026-08-01 | [Oil Prices Are Falling, but OPEC Plus Pledges to Pump More](https://feedsoft.ai/events/18252-oil-prices-are-falling-but-opec-plus-pledges-to-pump-more.md) | -8.5% | -4.2% |
| BRENT | 2025-03-04 | [OPEC+ to gradually increase production amid market volatility \| Oil & Gas Journal](https://feedsoft.ai/events/25491-opec-to-gradually-increase-production-amid-market-volatility-oil-and-gas-journal.md) | -2.8% | +5.2% |
| WTI | 2021-03-31 | [OPEC and allies agree to gradually boost crude oil output \| AP News](https://feedsoft.ai/events/47508-opec-and-allies-agree-to-gradually-boost-crude-oil-output-ap-news.md) | -1.3% | +5.4% |
| WTI | 2025-07-07 | [OPEC+ is pumping more oil, but is it needed and at what price?](https://feedsoft.ai/events/23674-opec-is-pumping-more-oil-but-is-it-needed-and-at-what-price.md) | +2.4% | +0.7% |
| WTI | 2021-07-18 | [OPEC, allies agree to boost supply, gradually end oil production cuts](https://feedsoft.ai/events/45987-opec-allies-agree-to-boost-supply-gradually-end-oil-production-cuts.md) | +0.6% | -4.7% |

## Sources

- apnews.com: https://apnews.com/article/coronavirus-pandemic-business-health-opec-6b04726186bf9abd0f6e1c488d5bd649

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