# OPEC+ snubs Biden’s plea to pump more oil | OPEC News | Al Jazeera

> OPEC+ snubbed President Biden's request to pump more oil, sticking to its plan to add 400,000 bpd. The US, Japan and India had asked for more output to meet demand as COVID restrictions eased.

- Date: 2021-11-04 · published 2021-11-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43983-opec-snubs-biden-s-plea-to-pump-more-oil-opec-news-al-jazeera
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Refusing extra supply keeps Brent above $80, which raises energy and inflation pressure on importers and supports the cost of crude-linked inputs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-09-12 | [OPEC members Iraq, Nigeria agree to cut oil output \| OPEC \| Al Jazeera](https://feedsoft.ai/events/57002-opec-members-iraq-nigeria-agree-to-cut-oil-output-opec-al-jazeera.md) | +3.3% | -4.7% |
| BRENT | 2022-10-06 | [Why is OPEC+ cutting oil production and what’s next? \| Explainer News \| Al Jazeera](https://feedsoft.ai/events/39328-why-is-opec-cutting-oil-production-and-what-s-next-explainer-news-al-jazeera.md) | -1.0% | +2.4% |
| BRENT | 2023-12-01 | [OPEC plans more cuts to boost worldwide oil prices](https://feedsoft.ai/events/32490-opec-plans-more-cuts-to-boost-worldwide-oil-prices.md) | -9.9% | -6.0% |
| BRENT | 2019-12-06 | [OPEC, allies to lower oil output 500,000 barrels more](https://feedsoft.ai/events/55495-opec-allies-to-lower-oil-output-500-000-barrels-more.md) | +1.4% | +7.8% |
| BRENT | 2022-09-05 | [OPEC+ makes small trim to world oil supplies as prices fall \| AP News](https://feedsoft.ai/events/39511-opec-makes-small-trim-to-world-oil-supplies-as-prices-fall-ap-news.md) | -0.9% | -5.0% |
| WTI | 2019-09-12 | [OPEC members Iraq, Nigeria agree to cut oil output \| OPEC \| Al Jazeera](https://feedsoft.ai/events/57002-opec-members-iraq-nigeria-agree-to-cut-oil-output-opec-al-jazeera.md) | +4.4% | -5.5% |
| WTI | 2022-10-06 | [Why is OPEC+ cutting oil production and what’s next? \| Explainer News \| Al Jazeera](https://feedsoft.ai/events/39328-why-is-opec-cutting-oil-production-and-what-s-next-explainer-news-al-jazeera.md) | -0.5% | +2.2% |
| WTI | 2023-12-01 | [OPEC plans more cuts to boost worldwide oil prices](https://feedsoft.ai/events/32490-opec-plans-more-cuts-to-boost-worldwide-oil-prices.md) | -8.8% | -5.2% |

## Sources

- aljazeera.com: https://www.aljazeera.com/economy/2021/11/4/opec-sticks-to-plan-to-raise-oil-output-by-400000-bpd

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