# OPEC, allies raise limits for 5 countries to end oil dispute | AP News

> OPEC and allied countries raised production limits for five countries, including Saudi Arabia, Russia, Iraq, Kuwait and the UAE, to end a dispute. The UAE's limit was set below the 3.8 million barrels a day it reportedly sought. The new limits take effect from May.

- Date: 2021-07-18 · published 2021-07-18T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/45986-opec-allies-raise-limits-for-5-countries-to-end-oil-dispute-ap-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher quotas for major producers signal more crude supply from 2022, which weighs on oil prices. The resolved dispute also reduces the risk of a supply split within OPEC+.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-07-05 | [OPEC+ countries agree to increase oil production in August \| AP News](https://feedsoft.ai/events/18250-opec-countries-agree-to-increase-oil-production-in-august-ap-news.md) | +7.0% | +33.1% |
| BRENT | 2021-03-31 | [OPEC and allies agree to gradually boost crude oil output \| AP News](https://feedsoft.ai/events/47508-opec-and-allies-agree-to-gradually-boost-crude-oil-output-ap-news.md) | -1.9% | +5.4% |
| BRENT | 2025-07-08 | [OPEC+ countries agree to raise crude oil production by 548 kb/d in August 2025 \| Enerdata](https://feedsoft.ai/events/23677-opec-countries-agree-to-raise-crude-oil-production-by-548-kb-d-in-august-2025.md) | -1.0% | -2.3% |
| BRENT | 2021-07-18 | [OPEC And Allied Nations Have Agreed To End A Dispute That Has Roiled Energy Prices : NPR](https://feedsoft.ai/events/45992-opec-and-allied-nations-have-agreed-to-end-a-dispute-that-has-roiled-energy.md) | +0.6% | -4.4% |
| BRENT | 2018-05-25 | [Oil dives as OPEC signals plan to boost supplies \| AP News](https://feedsoft.ai/events/64938-oil-dives-as-opec-signals-plan-to-boost-supplies-ap-news.md) | -3.5% | -5.4% |
| WTI | 2026-07-05 | [OPEC+ countries agree to increase oil production in August \| AP News](https://feedsoft.ai/events/18250-opec-countries-agree-to-increase-oil-production-in-august-ap-news.md) | +3.9% | +23.4% |
| WTI | 2021-03-31 | [OPEC and allies agree to gradually boost crude oil output \| AP News](https://feedsoft.ai/events/47508-opec-and-allies-agree-to-gradually-boost-crude-oil-output-ap-news.md) | -1.3% | +5.4% |
| WTI | 2025-07-08 | [OPEC+ countries agree to raise crude oil production by 548 kb/d in August 2025 \| Enerdata](https://feedsoft.ai/events/23677-opec-countries-agree-to-raise-crude-oil-production-by-548-kb-d-in-august-2025.md) | -1.4% | -2.6% |

## Sources

- apnews.com: https://apnews.com/article/middle-east-business-health-coronavirus-pandemic-opec-f3bed082ce6cb9353701bab9dc01429f

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