# OPEC+ Ministers Recommend Sticking With Planned Output Increases - Bloomberg

> OPEC and its allies agreed to keep their existing plan of monthly oil output increases after a video conference lasting less than an hour. Ministers ratified the 400,000 bpd hike scheduled for October.

- Date: 2021-09-01 · published 2021-09-01T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/44978-opec-ministers-recommend-sticking-with-planned-output-increases-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Confirmed monthly supply increases add barrels to the market, which weighs on crude prices. The quick, unified decision also signals the group will not add extra supply beyond the plan.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-08-22 | [OPEC⁺ faces moment of truth on planned output increase](https://feedsoft.ai/events/28688-opec-faces-moment-of-truth-on-planned-output-increase.md) | +3.7% | +0.1% |
| WTI | 2026-03-01 | [OPEC+ to Resume Oil Output Increases as Iran Conflict Rages - Bloomberg](https://feedsoft.ai/events/20079-opec-to-resume-oil-output-increases-as-iran-conflict-rages-bloomberg.md) | +35.6% | +50.4% |
| WTI | 2021-06-01 | [OPEC+ agrees to continue planned crude output increases](https://feedsoft.ai/events/46499-opec-agrees-to-continue-planned-crude-output-increases.md) | +4.4% | +10.0% |
| WTI | 2021-12-02 | [OPEC to proceed with plans to increase January oil output](https://feedsoft.ai/events/43503-opec-to-proceed-with-plans-to-increase-january-oil-output.md) | +10.6% | +17.4% |
| WTI | 2024-08-30 | [OPEC+ Leans Toward Proceeding With Output Hike, Delegates Say - Bloomberg](https://feedsoft.ai/events/28684-opec-leans-toward-proceeding-with-output-hike-delegates-say-bloomberg.md) | -10.8% | -10.5% |
| BRENT | 2024-08-22 | [OPEC⁺ faces moment of truth on planned output increase](https://feedsoft.ai/events/28688-opec-faces-moment-of-truth-on-planned-output-increase.md) | +2.5% | -4.3% |
| BRENT | 2026-03-01 | [OPEC+ to Resume Oil Output Increases as Iran Conflict Rages - Bloomberg](https://feedsoft.ai/events/20079-opec-to-resume-oil-output-increases-as-iran-conflict-rages-bloomberg.md) | +31.0% | +62.6% |
| BRENT | 2021-06-01 | [OPEC+ agrees to continue planned crude output increases](https://feedsoft.ai/events/46499-opec-agrees-to-continue-planned-crude-output-increases.md) | +2.4% | +7.5% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-09-01/opec-ministers-recommend-sticking-with-planned-output-increases

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