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

> OPEC+ agreed a schedule of output increases of 400,000 barrels per day monthly from August at a special meeting in Vienna. The agreement sets new baseline levels and extends the alliance until at least the end of 2022. Saudi and UAE officials said they were aligned on the deal.

- Date: 2021-07-19 · published 2021-07-19T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/45990-arab-news-opec-members-agree-to-raise-output-by-400-000-barrels-a-day-from
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Extending the alliance and adding a predictable schedule of barrels reduces uncertainty over supply. The added monthly volumes are a bearish influence on crude prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-07-18 | [OPEC+ Members Agree To Increase Oil Output By 400,000 BPD Every Month From August](https://feedsoft.ai/events/45991-opec-members-agree-to-increase-oil-output-by-400-000-bpd-every-month-from-august.md) | +0.6% | -4.4% |
| BRENT | 2026-08-02 | [OPEC+ to Raise Oil Output by 188,000 Barrels a Day From September - Seoul Economic Daily](https://feedsoft.ai/events/17826-opec-to-raise-oil-output-by-188-000-barrels-a-day-from-september-seoul-economic.md) | -8.5% | -4.2% |
| BRENT | 2025-10-05 | [Opec+ plus to raise oil production by 137,000 barrels a day in November](https://feedsoft.ai/events/22306-opec-plus-to-raise-oil-production-by-137-000-barrels-a-day-in-november.md) | -2.7% | -0.1% |
| BRENT | 2024-03-25 | [Opec+ 8 speeds up output hike to 548,000 b/d for August \| Latest Market News](https://feedsoft.ai/events/31112-opec-8-speeds-up-output-hike-to-548-000-b-d-for-august-latest-market-news.md) | +1.9% | +2.3% |
| BRENT | 2018-03-09 | [Opec+ likely to raise July oil output by 188,000 bpd](https://feedsoft.ai/events/65930-opec-likely-to-raise-july-oil-output-by-188-000-bpd.md) | +1.0% | +4.8% |
| WTI | 2021-07-18 | [OPEC+ Members Agree To Increase Oil Output By 400,000 BPD Every Month From August](https://feedsoft.ai/events/45991-opec-members-agree-to-increase-oil-output-by-400-000-bpd-every-month-from-august.md) | +0.6% | -4.7% |
| WTI | 2026-08-02 | [OPEC+ to Raise Oil Output by 188,000 Barrels a Day From September - Seoul Economic Daily](https://feedsoft.ai/events/17826-opec-to-raise-oil-output-by-188-000-barrels-a-day-from-september-seoul-economic.md) | -7.5% | -1.7% |
| WTI | 2025-10-05 | [Opec+ plus to raise oil production by 137,000 barrels a day in November](https://feedsoft.ai/events/22306-opec-plus-to-raise-oil-production-by-137-000-barrels-a-day-in-november.md) | -3.1% | +0.2% |

## Sources

- arabnews.com: https://www.arabnews.com/saudi-arabia/opec-members-agree-to-raise-output-by-400000-barrels-a-day-from-august-1896601

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