# OPEC+ sticks to plan to ease oil output cuts from May 1 | Reuters

> OPEC+ confirmed it will ease its output cuts from May 1 as previously agreed. The group has cut about 8 million bpd, including a 1 million bpd voluntary cut by Saudi Arabia, and the April 1 plan returns 2.1 million bpd to the market from May to July.

- Date: 2021-04-27 · published 2021-04-27T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/47504-opec-sticks-to-plan-to-ease-oil-output-cuts-from-may-1-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher OPEC+ supply weighs on crude prices, which feed into diesel, freight and fertilizer costs for feed producers. The increase is gradual and largely expected, so the price impact is modest.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-09-01 | [Oil steadies; OPEC+ sticks to gradual output hikes \| Reuters](https://feedsoft.ai/events/44979-oil-steadies-opec-sticks-to-gradual-output-hikes-reuters.md) | +1.3% | +9.5% |
| WTI | 2021-06-01 | [OPEC+ sticks to plan to ease supply cuts through July](https://feedsoft.ai/events/46492-opec-sticks-to-plan-to-ease-supply-cuts-through-july.md) | +4.4% | +10.0% |
| WTI | 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) | +2.8% | +16.0% |
| WTI | 2022-03-31 | [Opec+ sticks to output rise plans for May as US announces release of record oil reserves \| The National](https://feedsoft.ai/events/42176-opec-sticks-to-output-rise-plans-for-may-as-us-announces-release-of-record-oil.md) | -10.6% | -2.2% |
| WTI | 2025-09-07 | [OPEC+ agrees further oil output boost from October to regain market share \| Reuters](https://feedsoft.ai/events/22768-opec-agrees-further-oil-output-boost-from-october-to-regain-market-share-reuters.md) | +1.3% | -1.1% |
| BRENT | 2021-09-01 | [Oil steadies; OPEC+ sticks to gradual output hikes \| Reuters](https://feedsoft.ai/events/44979-oil-steadies-opec-sticks-to-gradual-output-hikes-reuters.md) | -2.2% | +7.5% |
| BRENT | 2021-06-01 | [OPEC+ sticks to plan to ease supply cuts through July](https://feedsoft.ai/events/46492-opec-sticks-to-plan-to-ease-supply-cuts-through-july.md) | +2.4% | +7.5% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-meet-day-earlier-upbeat-demand-2021-04-27/

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