# OPEC+ sticks with 400,000 b/d oil output hike for December, despite US pleas

> OPEC+ kept its 400,000 b/d monthly output hike for December, shrugging off lobbying from the US, Japan and India over rising prices. Saudi Arabia said quotas would be respected, and the next meeting was scheduled for Dec. 2.

- Date: 2021-11-04 · published 2021-11-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43982-opec-sticks-with-400-000-b-d-oil-output-hike-for-december-despite-us-pleas
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A firm supply plan with no extra barrels keeps crude elevated, supporting diesel and fertilizer input costs for feed producers and farmers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-04-01 | [OPEC+ sticks to modest oil output boost despite price hike - CGTN](https://feedsoft.ai/events/41751-opec-sticks-to-modest-oil-output-boost-despite-price-hike-cgtn.md) | -4.4% | +4.2% |
| WTI | 2021-11-04 | [Opec+ to increase output by 400,000 bpd despite US pressure for more oil supply \| The National](https://feedsoft.ai/events/43984-opec-to-increase-output-by-400-000-bpd-despite-us-pressure-for-more-oil-supply.md) | +0.5% | -17.6% |
| WTI | 2021-10-04 | [OPEC+ sticks to plan for gradual oil output hike, price roars higher](https://feedsoft.ai/events/44442-opec-sticks-to-plan-for-gradual-oil-output-hike-price-roars-higher.md) | +4.6% | +9.9% |
| WTI | 2024-10-30 | [OPEC+ could delay December oil output hike, sources say](https://feedsoft.ai/events/27766-opec-could-delay-december-oil-output-hike-sources-say.md) | +7.1% | +2.3% |
| WTI | 2025-10-01 | [Oil settles up after OPEC+ opts for modest output hike](https://feedsoft.ai/events/22769-oil-settles-up-after-opec-opts-for-modest-output-hike.md) | -1.0% | -3.5% |
| BRENT | 2022-04-01 | [OPEC+ sticks to modest oil output boost despite price hike - CGTN](https://feedsoft.ai/events/41751-opec-sticks-to-modest-oil-output-boost-despite-price-hike-cgtn.md) | -6.9% | +1.2% |
| BRENT | 2021-11-04 | [Opec+ to increase output by 400,000 bpd despite US pressure for more oil supply \| The National](https://feedsoft.ai/events/43984-opec-to-increase-output-by-400-000-bpd-despite-us-pressure-for-more-oil-supply.md) | +1.5% | -15.1% |
| BRENT | 2021-10-04 | [OPEC+ sticks to plan for gradual oil output hike, price roars higher](https://feedsoft.ai/events/44442-opec-sticks-to-plan-for-gradual-oil-output-hike-price-roars-higher.md) | +3.7% | +5.5% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/110421-opec-sticks-with-400000-bd-oil-output-hike-for-december-despite-us-pleas

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