# News
    -
The Russian Government

> Russia's government reported that OPEC+ will raise output by about 350,000 bpd in May and June and 441,000 bpd in July. Saudi Arabia will also add extra output, and the minister said surplus stocks have fallen to about 50 million barrels.

- Date: 2021-04-01 · published 2021-04-01T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/47506-news-the-russian-government
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Scheduled increases in supply add to crude availability, which tends to lower crude and diesel prices. The minister's view that demand will grow by 5 to 5.5 million bpd limits how far prices may fall.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-06-02 | [Opec agrees to ramp up oil production, but fails to exclude Russia \| Opec \| The Guardian](https://feedsoft.ai/events/40841-opec-agrees-to-ramp-up-oil-production-but-fails-to-exclude-russia-opec-the.md) | +5.8% | -7.1% |
| WTI | 2018-05-25 | [Russia and Opec agree to boost oil production – The Irish Times](https://feedsoft.ai/events/64939-russia-and-opec-agree-to-boost-oil-production-the-irish-times.md) | -7.0% | -2.7% |
| WTI | 2025-06-02 | [Behind OPEC+ oil output hike, Saudi-Russian tensions simmer](https://feedsoft.ai/events/24126-behind-opec-oil-output-hike-saudi-russian-tensions-simmer.md) | +6.2% | +7.6% |
| WTI | 2024-03-26 | [Oil settles lower as markets weigh Russian supply woes](https://feedsoft.ai/events/31369-oil-settles-lower-as-markets-weigh-russian-supply-woes.md) | +4.2% | +2.0% |
| WTI | 2018-05-29 | [Oil sharpens decline on prospects of Russian, OPEC production bumps](https://feedsoft.ai/events/65176-oil-sharpens-decline-on-prospects-of-russian-opec-production-bumps.md) | -4.6% | +2.0% |
| BRENT | 2022-06-02 | [Opec agrees to ramp up oil production, but fails to exclude Russia \| Opec \| The Guardian](https://feedsoft.ai/events/40841-opec-agrees-to-ramp-up-oil-production-but-fails-to-exclude-russia-opec-the.md) | +6.0% | -0.6% |
| BRENT | 2018-05-25 | [Russia and Opec agree to boost oil production – The Irish Times](https://feedsoft.ai/events/64939-russia-and-opec-agree-to-boost-oil-production-the-irish-times.md) | -3.5% | -5.4% |
| BRENT | 2025-06-02 | [Behind OPEC+ oil output hike, Saudi-Russian tensions simmer](https://feedsoft.ai/events/24126-behind-opec-oil-output-hike-saudi-russian-tensions-simmer.md) | +4.9% | +7.0% |

## Sources

- government.ru: http://government.ru/en/news/41871/

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