# OPEC stays the course on output hikes as oil prices rebound

> Bloomberg reports OPEC and allies are expected to proceed with their planned monthly output increases at the September 1 meeting, as prices rebound from an August slump. A survey found 17 of 22 traders and analysts expected no change to the schedule.

- Date: 2021-08-27 · published 2021-08-27T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/45475-opec-stays-the-course-on-output-hikes-as-oil-prices-rebound
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Continued scheduled output increases add steady crude supply, keeping energy input costs contained for feed producers unless demand weakens further.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2016-11-22 | [Oil prices ease off three-week high on worries over OPEC output cut](https://feedsoft.ai/events/74007-oil-prices-ease-off-three-week-high-on-worries-over-opec-output-cut.md) | +0.1% | +14.4% |
| BRENT | 2022-05-05 | [OPEC+ sticks to modest oil output hike despite price rally](https://feedsoft.ai/events/41317-opec-sticks-to-modest-oil-output-hike-despite-price-rally.md) | -2.5% | +8.0% |
| 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 | 2022-08-01 | [Oil output to see small hike to ease energy prices](https://feedsoft.ai/events/39952-oil-output-to-see-small-hike-to-ease-energy-prices.md) | -11.9% | -8.8% |
| BRENT | 2019-08-11 | [Opec mulls further output cuts to support oil prices](https://feedsoft.ai/events/57508-opec-mulls-further-output-cuts-to-support-oil-prices.md) | +1.5% | +6.0% |
| WTI | 2016-11-22 | [Oil prices ease off three-week high on worries over OPEC output cut](https://feedsoft.ai/events/74007-oil-prices-ease-off-three-week-high-on-worries-over-opec-output-cut.md) | -4.7% | +10.0% |
| WTI | 2022-05-05 | [OPEC+ sticks to modest oil output hike despite price rally](https://feedsoft.ai/events/41317-opec-sticks-to-modest-oil-output-hike-despite-price-rally.md) | -2.1% | +8.4% |
| 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% |

## Sources

- worldoil.com: https://www.worldoil.com/news/2021/8/27/opec-stays-the-course-on-output-hikes-as-oil-prices-rebound/

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