# OPEC Should Boost Crude Production at Next Meeting, the IEA Says - Bloomberg

> The head of the International Energy Agency said OPEC must boost oil output at its next meeting to calm a tightening market. He cited sensitivity in global oil markets and economic growth in an interview in London.

- Date: 2018-10-25 · published 2018-10-25T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/62454-opec-should-boost-crude-production-at-next-meeting-the-iea-says-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A call for more OPEC supply would add barrels to the market if acted on, which would weigh on crude prices and energy-linked input costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-10-23 | [OPEC's in `Produce as Much as You Can Mode,' Al-Falih Says - Bloomberg](https://feedsoft.ai/events/62455-opec-s-in-produce-as-much-as-you-can-mode-al-falih-says-bloomberg.md) | -3.2% | -17.6% |
| WTI | 2021-02-24 | [OPEC+ Considers Production Increase At March Meeting \| OilPrice.com](https://feedsoft.ai/events/48553-opec-considers-production-increase-at-march-meeting-oilprice-com.md) | -3.2% | -6.3% |
| 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 | 2021-06-01 | [OPEC to raise oil production in July, stays mum on what’s next](https://feedsoft.ai/events/46493-opec-to-raise-oil-production-in-july-stays-mum-on-what-s-next.md) | +4.4% | +10.0% |
| WTI | 2024-06-03 | [U.S. crude oil falls more than 3% as OPEC+ plans phasing out production cuts](https://feedsoft.ai/events/29656-u-s-crude-oil-falls-more-than-3-as-opec-plans-phasing-out-production-cuts.md) | -1.9% | +8.5% |
| BRENT | 2018-10-23 | [OPEC's in `Produce as Much as You Can Mode,' Al-Falih Says - Bloomberg](https://feedsoft.ai/events/62455-opec-s-in-produce-as-much-as-you-can-mode-al-falih-says-bloomberg.md) | -3.4% | -18.3% |
| BRENT | 2021-02-24 | [OPEC+ Considers Production Increase At March Meeting \| OilPrice.com](https://feedsoft.ai/events/48553-opec-considers-production-increase-at-march-meeting-oilprice-com.md) | -3.6% | -7.5% |
| 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% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-10-25/opec-should-boost-crude-production-at-next-meeting-the-iea-says

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