# Column: OPEC+ set for a three-month output rollover

> A column reports that OPEC+ is set for a three-month output rollover, noting the April production schedule implies nearly 2 million bpd of increases from January. Global inventories remain well above their five-year average and consumption has recovered more slowly than expected.

- Date: 2020-10-27 · published 2020-10-27T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/50546-column-opec-set-for-a-three-month-output-rollover
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A rollover instead of a 2 million bpd increase would keep supply tighter than planned, which is supportive for crude prices, though a COVID-driven demand slump limits the upside.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-11-03 | [OPEC+ agrees to delay December output hike for one month \| Reuters](https://feedsoft.ai/events/27301-opec-agrees-to-delay-december-output-hike-for-one-month-reuters.md) | +0.8% | +0.2% |
| BRENT | 2018-09-24 | [OPEC, Russia rebuff Trump's call for immediate boost to oil output](https://feedsoft.ai/events/62928-opec-russia-rebuff-trump-s-call-for-immediate-boost-to-oil-output.md) | +4.9% | +1.6% |
| BRENT | 2019-01-02 | [OPEC Output Falls Most in Almost 2 Years \| Rigzone](https://feedsoft.ai/events/61000-opec-output-falls-most-in-almost-2-years-rigzone.md) | +10.8% | +17.2% |
| BRENT | 2019-06-26 | [Trump's sanctions cut more OPEC oil output than OPEC itself \| Reuters](https://feedsoft.ai/events/58530-trump-s-sanctions-cut-more-opec-oil-output-than-opec-itself-reuters.md) | -4.7% | -3.9% |
| BRENT | 2026-09-06 | [OPEC+ keeps oil output policy unchanged for October](https://feedsoft.ai/events/17378-opec-keeps-oil-output-policy-unchanged-for-october.md) | +12.0% | +18.6% |
| WTI | 2024-11-03 | [OPEC+ agrees to delay December output hike for one month \| Reuters](https://feedsoft.ai/events/27301-opec-agrees-to-delay-december-output-hike-for-one-month-reuters.md) | +1.3% | -2.1% |
| WTI | 2018-09-24 | [OPEC, Russia rebuff Trump's call for immediate boost to oil output](https://feedsoft.ai/events/62928-opec-russia-rebuff-trump-s-call-for-immediate-boost-to-oil-output.md) | +3.4% | -2.3% |
| WTI | 2019-01-02 | [OPEC Output Falls Most in Almost 2 Years \| Rigzone](https://feedsoft.ai/events/61000-opec-output-falls-most-in-almost-2-years-rigzone.md) | +9.7% | +17.5% |

## Sources

- reuters.com: https://www.reuters.com/article/uk-oil-global-kemp/column-opec-set-for-a-three-month-output-rollover-idUKKBN27C219/?edition-redirect=uk

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