# OPEC, non-OPEC panel unlikely to recommend further oil output hike:

> Sources told Reuters that an OPEC and non-OPEC panel meeting in Algiers is unlikely to recommend a further output increase beyond the June agreement. The panel is also unlikely to settle how to split the 1 million barrel per day increase agreed in June.

- Date: 2018-09-23 · published 2018-09-23T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/62933-opec-non-opec-panel-unlikely-to-recommend-further-oil-output-hike
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

No further supply increase keeps crude firm, supporting energy and input costs across the feed chain.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-11-02 | [OPEC+ pauses oil output hikes beyond December amid glut fears \| Reuters](https://feedsoft.ai/events/21872-opec-pauses-oil-output-hikes-beyond-december-amid-glut-fears-reuters.md) | -2.0% | -3.4% |
| 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 | 2024-12-03 | [Oil rises on fears about Lebanon, further OPEC+ supply cuts \| Reuters](https://feedsoft.ai/events/27114-oil-rises-on-fears-about-lebanon-further-opec-supply-cuts-reuters.md) | +0.4% | +5.8% |
| WTI | 2024-11-03 | [Oil Rises as OPEC+ Delays Output Hike, Election Roils Trading](https://feedsoft.ai/events/27307-oil-rises-as-opec-delays-output-hike-election-roils-trading.md) | +1.3% | -2.1% |
| WTI | 2020-05-17 | [OPEC recommends 1.5 million bpd additional output cut](https://feedsoft.ai/events/53028-opec-recommends-1-5-million-bpd-additional-output-cut.md) | +13.5% | +26.0% |
| BRENT | 2025-11-02 | [OPEC+ pauses oil output hikes beyond December amid glut fears \| Reuters](https://feedsoft.ai/events/21872-opec-pauses-oil-output-hikes-beyond-december-amid-glut-fears-reuters.md) | -2.4% | -2.5% |
| 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 | 2024-12-03 | [Oil rises on fears about Lebanon, further OPEC+ supply cuts \| Reuters](https://feedsoft.ai/events/27114-oil-rises-on-fears-about-lebanon-further-opec-supply-cuts-reuters.md) | +0.8% | +3.2% |

## Sources

- en.azvision.az: https://en.azvision.az/news/92924/opec,-non-opec-panel-unlikely-to-recommend-further-oil-output-hike-sources%C2%A0.html

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