# OPEC+ agrees to continue planned crude output increases

> OPEC and allies agreed on June 1 to maintain planned crude output increases through July, adding up to 1.2 million barrels per day. The alliance made no decision on policy from August and did not discuss returning Iranian supply.

- Date: 2021-06-01 · published 2021-06-01T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46499-opec-agrees-to-continue-planned-crude-output-increases
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Continued increases add supply as demand recovers, which limits crude price gains. The lack of an August policy leaves uncertainty that could move energy prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-08-22 | [OPEC⁺ faces moment of truth on planned output increase](https://feedsoft.ai/events/28688-opec-faces-moment-of-truth-on-planned-output-increase.md) | +2.5% | -4.3% |
| BRENT | 2025-11-01 | [Oil settles lower as OPEC plans to increase oil output](https://feedsoft.ai/events/22562-oil-settles-lower-as-opec-plans-to-increase-oil-output.md) | -2.4% | -2.5% |
| BRENT | 2021-12-02 | [OPEC to proceed with plans to increase January oil output](https://feedsoft.ai/events/43503-opec-to-proceed-with-plans-to-increase-january-oil-output.md) | +9.7% | +14.1% |
| BRENT | 2022-01-04 | [OPEC+ agrees oil output increase from February \| Reuters](https://feedsoft.ai/events/43057-opec-agrees-oil-output-increase-from-february-reuters.md) | +3.3% | +16.7% |
| BRENT | 2026-03-01 | [OPEC+ to Resume Oil Output Increases as Iran Conflict Rages - Bloomberg](https://feedsoft.ai/events/20079-opec-to-resume-oil-output-increases-as-iran-conflict-rages-bloomberg.md) | +31.0% | +62.6% |
| WTI | 2024-08-22 | [OPEC⁺ faces moment of truth on planned output increase](https://feedsoft.ai/events/28688-opec-faces-moment-of-truth-on-planned-output-increase.md) | +3.7% | +0.1% |
| WTI | 2025-11-01 | [Oil settles lower as OPEC plans to increase oil output](https://feedsoft.ai/events/22562-oil-settles-lower-as-opec-plans-to-increase-oil-output.md) | -2.0% | -3.4% |
| WTI | 2021-12-02 | [OPEC to proceed with plans to increase January oil output](https://feedsoft.ai/events/43503-opec-to-proceed-with-plans-to-increase-january-oil-output.md) | +10.6% | +17.4% |

## Sources

- newarab.com: https://www.newarab.com/news/opec-agrees-continue-planned-crude-output-increases

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