# OPEC Supply Rises as Iran Rebound Complicates Balancing Task - Bloomberg

> OPEC crude production rose by 300,000 bpd in March to an average of 25.33 million bpd, according to a Bloomberg survey. Most of the increase came from returning supplies from Iran and Libya.

- Date: 2021-04-01 · published 2021-04-01T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/47510-opec-supply-rises-as-iran-rebound-complicates-balancing-task-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rebounding Iranian and Libyan barrels add to global supply and make OPEC's balancing task harder, which is bearish for crude prices. The effect is a monthly supply shift that is relatively small.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-08-02 | [OPEC+ Agrees in Principle to Another Bumper Supply Increase - Bloomberg](https://feedsoft.ai/events/23231-opec-agrees-in-principle-to-another-bumper-supply-increase-bloomberg.md) | -5.1% | -5.6% |
| WTI | 2025-05-27 | [Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns](https://feedsoft.ai/events/24853-oil-prices-ease-as-us-iran-talks-opec-plans-spur-supply-concerns.md) | +0.9% | +4.3% |
| WTI | 2026-03-10 | [Oil Drops 15% as Leaders Move to Contain Supply Shock From Iran War - Bloomberg](https://feedsoft.ai/events/6629-oil-drops-15-as-leaders-move-to-contain-supply-shock-from-iran-war-bloomberg.md) | -1.3% | +20.4% |
| WTI | 2018-09-21 | [Exclusive - OPEC and allies consider oil output boost as Iranian supply falls: source \| Reuters](https://feedsoft.ai/events/62930-exclusive-opec-and-allies-consider-oil-output-boost-as-iranian-supply-falls.md) | +1.9% | -3.0% |
| WTI | 2026-10-29 | [Oil falls as efforts to revive US-Iran talks ease supply concerns](https://feedsoft.ai/events/1443-oil-falls-as-efforts-to-revive-us-iran-talks-ease-supply-concerns.md) | -2.3% | — |
| BRENT | 2025-08-02 | [OPEC+ Agrees in Principle to Another Bumper Supply Increase - Bloomberg](https://feedsoft.ai/events/23231-opec-agrees-in-principle-to-another-bumper-supply-increase-bloomberg.md) | -4.6% | -3.0% |
| BRENT | 2025-05-27 | [Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns](https://feedsoft.ai/events/24853-oil-prices-ease-as-us-iran-talks-opec-plans-spur-supply-concerns.md) | +0.8% | +12.0% |
| BRENT | 2026-03-10 | [Oil Drops 15% as Leaders Move to Contain Supply Shock From Iran War - Bloomberg](https://feedsoft.ai/events/6629-oil-drops-15-as-leaders-move-to-contain-supply-shock-from-iran-war-bloomberg.md) | +4.1% | +27.2% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-04-01/opec-supply-rises-as-iran-rebound-complicates-balancing-task

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