# OPEC+ agrees on planned January oil output rise, sources say | Reuters

> OPEC+ agreed to go ahead with its planned 400,000 barrels per day output increase for January, according to two OPEC+ sources. The decision kept the monthly hikes that began as the group unwinds its 2020 record cuts. Traders had widely expected a pause because of the omicron-driven sell-off.

- Date: 2021-12-02 · published 2021-12-02T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43497-opec-agrees-on-planned-january-oil-output-rise-sources-say-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Adding 400,000 bpd to supply in January is a bearish signal for crude, but the decision was largely anticipated and the market reaction was muted. Crude moves feed through to diesel, biofuel and vegetable oil economics that affect feed ingredient prices.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-07-28 | [OPEC+ likely to pause oil output hikes after September, sources say \| Reuters](https://feedsoft.ai/events/18254-opec-likely-to-pause-oil-output-hikes-after-september-sources-say-reuters.md) | -2.7% | +2.6% |
| WTI | 2025-06-27 | [Oil steadies after report of planned OPEC+ August output hike \| Reuters](https://feedsoft.ai/events/24128-oil-steadies-after-report-of-planned-opec-august-output-hike-reuters.md) | +2.6% | +1.1% |
| WTI | 2024-07-18 | [OPEC+ unlikely to change oil output policy at Aug 1 JMMC meeting, sources say \| Reuters](https://feedsoft.ai/events/29159-opec-unlikely-to-change-oil-output-policy-at-aug-1-jmmc-meeting-sources-say.md) | -6.4% | -6.9% |
| WTI | 2021-08-30 | [OPEC+ likely to keep oil output policy from September unchanged, sources say \| Reuters](https://feedsoft.ai/events/45470-opec-likely-to-keep-oil-output-policy-from-september-unchanged-sources-say.md) | +0.8% | +9.7% |
| WTI | 2020-12-03 | [Opec+ agrees output hike from January - Business - DAWN.COM](https://feedsoft.ai/events/49556-opec-agrees-output-hike-from-january-business-dawn-com.md) | +0.5% | +7.0% |
| BRENT | 2026-07-28 | [OPEC+ likely to pause oil output hikes after September, sources say \| Reuters](https://feedsoft.ai/events/18254-opec-likely-to-pause-oil-output-hikes-after-september-sources-say-reuters.md) | -4.2% | +2.6% |
| BRENT | 2025-06-27 | [Oil steadies after report of planned OPEC+ August output hike \| Reuters](https://feedsoft.ai/events/24128-oil-steadies-after-report-of-planned-opec-august-output-hike-reuters.md) | +2.1% | +2.4% |
| BRENT | 2024-07-18 | [OPEC+ unlikely to change oil output policy at Aug 1 JMMC meeting, sources say \| Reuters](https://feedsoft.ai/events/29159-opec-unlikely-to-change-oil-output-policy-at-aug-1-jmmc-meeting-sources-say.md) | -3.6% | -5.2% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-agrees-planned-january-oil-output-rise-sources-say-2021-12-02/

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