# OPEC, Russia to nudge up oil output after hit from pandemic | The Seattle Times

> OPEC and allied producers including Russia agreed to raise output by 500,000 barrels per day from January and to meet monthly to decide further levels. The decision followed days of disagreement over whether to add supply at all, with the UAE pushing for compensatory cuts.

- Date: 2020-12-03 · published 2020-12-03T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/49559-opec-russia-to-nudge-up-oil-output-after-hit-from-pandemic-the-seattle-times
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Output is rising only gradually, so the market stays balanced while the pandemic weighs on demand. Price effects are likely limited, but monthly decisions could move crude in either direction.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-07-28 | [OPEC+ likely to pause oil output hikes after September, sources say \| Reuters](https://feedsoft.ai/events/18254-opec-likely-to-pause-oil-output-hikes-after-september-sources-say-reuters.md) | -4.2% | +2.6% |
| BRENT | 2025-07-05 | [Russia says low global oil stockpiles prompted OPEC+ to hike output](https://feedsoft.ai/events/23675-russia-says-low-global-oil-stockpiles-prompted-opec-to-hike-output.md) | +2.2% | +0.7% |
| BRENT | 2020-02-06 | [Russia drags its feet on deeper oil output cuts sought by OPEC+ \| Coronavirus pandemic \| Al Jazeera](https://feedsoft.ai/events/54531-russia-drags-its-feet-on-deeper-oil-output-cuts-sought-by-opec-coronavirus.md) | +0.6% | -6.9% |
| BRENT | 2021-08-30 | [OPEC+ likely to keep oil output policy from September unchanged, sources say \| Reuters](https://feedsoft.ai/events/45470-opec-likely-to-keep-oil-output-policy-from-september-unchanged-sources-say.md) | +0.5% | +7.3% |
| BRENT | 2021-08-27 | [OPEC stays the course on output hikes as oil prices rebound](https://feedsoft.ai/events/45475-opec-stays-the-course-on-output-hikes-as-oil-prices-rebound.md) | +3.6% | +8.6% |
| WTI | 2026-07-28 | [OPEC+ likely to pause oil output hikes after September, sources say \| Reuters](https://feedsoft.ai/events/18254-opec-likely-to-pause-oil-output-hikes-after-september-sources-say-reuters.md) | -2.7% | +2.6% |
| WTI | 2025-07-05 | [Russia says low global oil stockpiles prompted OPEC+ to hike output](https://feedsoft.ai/events/23675-russia-says-low-global-oil-stockpiles-prompted-opec-to-hike-output.md) | +2.4% | +0.7% |
| WTI | 2020-02-06 | [Russia drags its feet on deeper oil output cuts sought by OPEC+ \| Coronavirus pandemic \| Al Jazeera](https://feedsoft.ai/events/54531-russia-drags-its-feet-on-deeper-oil-output-cuts-sought-by-opec-coronavirus.md) | +0.6% | -9.7% |

## Sources

- seattletimes.com: https://www.seattletimes.com/business/opec-russia-agree-to-nudge-up-oil-output-gradually-from-jan/

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