# What to expect as Opec+ tapers its historic output deal | The National

> From August 1, OPEC+ began tapering its record 9.7 million bpd output cut, with voluntary cuts by core Gulf producers ending. The total cut moves to 7.7 million bpd as demand shows signs of revival.

- Date: 2020-08-01 · published 2020-08-01T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/51540-what-to-expect-as-opec-tapers-its-historic-output-deal-the-national
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Returning barrels to the market add supply, which is bearish for crude, though the taper follows a demand recovery that limits the price impact.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-05-25 | [Opec, non-Opec producers roll over output restraint deal for nine months to curb glut \| The National](https://feedsoft.ai/events/70929-opec-non-opec-producers-roll-over-output-restraint-deal-for-nine-months-to-curb.md) | -7.0% | -16.6% |
| BRENT | 2025-09-07 | [Opec+ agrees another rise in oil output for October \| The National](https://feedsoft.ai/events/22772-opec-agrees-another-rise-in-oil-output-for-october-the-national.md) | +3.4% | +0.2% |
| BRENT | 2017-03-14 | [Saudi Arabia tells Opec it raised output to 10 million bpd in February \| The National](https://feedsoft.ai/events/71903-saudi-arabia-tells-opec-it-raised-output-to-10-million-bpd-in-february-the.md) | +0.8% | +9.2% |
| BRENT | 2021-07-18 | [Opec+ ends deadlock and will boost supply in August \| The National](https://feedsoft.ai/events/45989-opec-ends-deadlock-and-will-boost-supply-in-august-the-national.md) | +0.6% | -4.4% |
| BRENT | 2025-10-05 | [Oil rises after OPEC+ hikes output less than expected \| Reuters](https://feedsoft.ai/events/22303-oil-rises-after-opec-hikes-output-less-than-expected-reuters.md) | -2.7% | -0.1% |
| WTI | 2017-05-25 | [Opec, non-Opec producers roll over output restraint deal for nine months to curb glut \| The National](https://feedsoft.ai/events/70929-opec-non-opec-producers-roll-over-output-restraint-deal-for-nine-months-to-curb.md) | -5.4% | -16.7% |
| WTI | 2025-09-07 | [Opec+ agrees another rise in oil output for October \| The National](https://feedsoft.ai/events/22772-opec-agrees-another-rise-in-oil-output-for-october-the-national.md) | +1.3% | -1.1% |
| WTI | 2017-03-14 | [Saudi Arabia tells Opec it raised output to 10 million bpd in February \| The National](https://feedsoft.ai/events/71903-saudi-arabia-tells-opec-it-raised-output-to-10-million-bpd-in-february-the.md) | -0.3% | +10.3% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/energy/what-to-expect-as-opec-tapers-its-historic-output-deal-1.1057561

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