# OPEC+ discusses further easing of oil cuts from August -sources | Reuters

> OPEC+ sources said the group is discussing a further easing of oil output cuts from August, with no final volume agreed. The group was returning 2.1 million barrels per day from May through July and was scheduled to meet again on July 1.

- Date: 2021-06-22 · published 2021-06-22T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/46494-opec-discusses-further-easing-of-oil-cuts-from-august-sources-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Talk of higher output from August is a mild bearish signal for crude, but no decision has been made. Prices are more likely to react to the July 1 meeting outcome.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-06-30 | [OPEC, Russia seen easing oil production cuts from August - sources](https://feedsoft.ai/events/52515-opec-russia-seen-easing-oil-production-cuts-from-august-sources.md) | +3.0% | +4.2% |
| BRENT | 2025-05-04 | [EXCLUSIVE: OPEC+ to further speed up oil output hikes, sources say \| Reuters](https://feedsoft.ai/events/24604-exclusive-opec-to-further-speed-up-oil-output-hikes-sources-say-reuters.md) | +4.3% | +6.8% |
| BRENT | 2025-06-27 | [OPEC+ set to make another accelerated oil output hike for August, sources say \| Reuters](https://feedsoft.ai/events/24125-opec-set-to-make-another-accelerated-oil-output-hike-for-august-sources-say.md) | +2.1% | +2.4% |
| BRENT | 2021-02-16 | [Oil rally makes further easing of oil supply curbs more likely after April – Reuters — Octa](https://feedsoft.ai/events/48838-oil-rally-makes-further-easing-of-oil-supply-curbs-more-likely-after-april.md) | +3.1% | +9.2% |
| BRENT | 2021-04-27 | [OPEC+ sticks to plan to ease oil output cuts from May 1 \| Reuters](https://feedsoft.ai/events/47504-opec-sticks-to-plan-to-ease-oil-output-cuts-from-may-1-reuters.md) | +3.2% | +4.5% |
| WTI | 2020-06-30 | [OPEC, Russia seen easing oil production cuts from August - sources](https://feedsoft.ai/events/52515-opec-russia-seen-easing-oil-production-cuts-from-august-sources.md) | +2.3% | +3.2% |
| WTI | 2025-05-04 | [EXCLUSIVE: OPEC+ to further speed up oil output hikes, sources say \| Reuters](https://feedsoft.ai/events/24604-exclusive-opec-to-further-speed-up-oil-output-hikes-sources-say-reuters.md) | +4.6% | +6.4% |
| WTI | 2025-06-27 | [OPEC+ set to make another accelerated oil output hike for August, sources say \| Reuters](https://feedsoft.ai/events/24125-opec-set-to-make-another-accelerated-oil-output-hike-for-august-sources-say.md) | +2.6% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-discussing-gradual-oil-output-rise-august-source-2021-06-22/

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