# OPEC to raise oil production in July, stays mum on what’s next

> OPEC+ agreed to raise output by 841,000 barrels per day in July after earlier increases in May and June. Saudi Energy Minister Prince Abdulaziz bin Salman said demand has improved but gave no commitment on supply after July.

- Date: 2021-06-01 · published 2021-06-01T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46493-opec-to-raise-oil-production-in-july-stays-mum-on-what-s-next
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

The planned increase adds supply to a market that was moving toward deficit, which limits crude upside. Uncertainty about August onward supply keeps energy prices sensitive to the next OPEC+ decision.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-06-01 | [OPEC+ to Increase Oil Production—Again](https://feedsoft.ai/events/24856-opec-to-increase-oil-production-again.md) | +4.9% | +7.0% |
| BRENT | 2018-06-23 | [OPEC deal to raise oil production will 'rein in prices' - Algerian PM](https://feedsoft.ai/events/64448-opec-deal-to-raise-oil-production-will-rein-in-prices-algerian-pm.md) | +5.1% | -2.8% |
| 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 | 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 | 2025-10-03 | [OPEC+ agrees to modest oil production increase for November](https://feedsoft.ai/events/22305-opec-agrees-to-modest-oil-production-increase-for-november.md) | +2.2% | +0.4% |
| WTI | 2025-06-01 | [OPEC+ to Increase Oil Production—Again](https://feedsoft.ai/events/24856-opec-to-increase-oil-production-again.md) | +6.2% | +7.6% |
| WTI | 2018-06-23 | [OPEC deal to raise oil production will 'rein in prices' - Algerian PM](https://feedsoft.ai/events/64448-opec-deal-to-raise-oil-production-will-rein-in-prices-algerian-pm.md) | +7.6% | -1.4% |
| 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

- worldoil.com: https://www.worldoil.com/news/2021/6/1/opec-to-raise-oil-production-in-july-stays-mum-on-what-s-next

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