Arab News | OPEC+ members agree to raise output by 400,000 barrels a day from August

After 210 past bearish policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.

• Jul 18, 2021OPEC+ Members Agree To Increase Oil Output By 400,000 BPD Every Month From August+0.6%
• Aug 2, 2026OPEC+ to Raise Oil Output by 188,000 Barrels a Day From September - Seoul Economic Daily-8.5%
• Oct 5, 2025Opec+ plus to raise oil production by 137,000 barrels a day in November-2.7%
• Mar 25, 2024Opec+ 8 speeds up output hike to 548,000 b/d for August | Latest Market News+1.9%
• Mar 9, 2018Opec+ likely to raise July oil output by 188,000 bpd+1.0%

After 215 past bearish policy events, Crude Oil (WTI) moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.

• Jul 18, 2021OPEC+ Members Agree To Increase Oil Output By 400,000 BPD Every Month From August+0.6%
• Aug 2, 2026OPEC+ to Raise Oil Output by 188,000 Barrels a Day From September - Seoul Economic Daily-7.5%
• Oct 5, 2025Opec+ plus to raise oil production by 137,000 barrels a day in November-3.1%
• Mar 25, 2024Opec+ 8 speeds up output hike to 548,000 b/d for August | Latest Market News+4.1%
• Mar 9, 2018Opec+ likely to raise July oil output by 188,000 bpd+1.7%