# Iran says OPEC may need extraordinary meeting over output changes

> Iran said OPEC may need an extraordinary meeting to address output changes after months of underproduction. OPEC and Russia agreed to return to 100% compliance with prior cuts, which would raise output by roughly 1 million barrels per day from July. Iran's position signals a dispute over how the increase should be handled.

- Date: 2018-08-08 · published 2018-08-08T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/63441-iran-says-opec-may-need-extraordinary-meeting-over-output-changes
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A planned supply increase of about 1 million b/d is a bearish factor for crude, and disagreement over implementation adds uncertainty to the price outlook.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-04-05 | [OPEC+ panel meeting seen making no policy changes after surprise output hike \| Reuters](https://feedsoft.ai/events/25045-opec-panel-meeting-seen-making-no-policy-changes-after-surprise-output-hike.md) | -1.7% | -9.0% |
| BRENT | 2017-03-27 | [OPEC, non-OPEC to look at extending oil-output cut by six months](https://feedsoft.ai/events/71897-opec-non-opec-to-look-at-extending-oil-output-cut-by-six-months.md) | +4.2% | +0.3% |
| BRENT | 2018-10-25 | [OPEC Should Boost Crude Production at Next Meeting, the IEA Says - Bloomberg](https://feedsoft.ai/events/62454-opec-should-boost-crude-production-at-next-meeting-the-iea-says-bloomberg.md) | -2.1% | -18.5% |
| BRENT | 2025-04-01 | [OPEC+ likely to proceed with planned May oil output hike, sources say](https://feedsoft.ai/events/25487-opec-likely-to-proceed-with-planned-may-oil-output-hike-sources-say.md) | -14.2% | -15.6% |
| BRENT | 2025-09-28 | [EXCLUSIVE: OPEC+ plans another oil output hike in November, sources say \| Reuters](https://feedsoft.ai/events/22770-exclusive-opec-plans-another-oil-output-hike-in-november-sources-say-reuters.md) | -7.5% | -6.8% |
| WTI | 2025-04-05 | [OPEC+ panel meeting seen making no policy changes after surprise output hike \| Reuters](https://feedsoft.ai/events/25045-opec-panel-meeting-seen-making-no-policy-changes-after-surprise-output-hike.md) | -0.8% | -6.8% |
| WTI | 2017-03-27 | [OPEC, non-OPEC to look at extending oil-output cut by six months](https://feedsoft.ai/events/71897-opec-non-opec-to-look-at-extending-oil-output-cut-by-six-months.md) | +6.4% | +3.1% |
| WTI | 2018-10-25 | [OPEC Should Boost Crude Production at Next Meeting, the IEA Says - Bloomberg](https://feedsoft.ai/events/62454-opec-should-boost-crude-production-at-next-meeting-the-iea-says-bloomberg.md) | -2.0% | -18.3% |

## Sources

- reuters.com: https://www.reuters.com/article/us-opec-oil-iran/iran-says-opec-may-need-extraordinary-meeting-over-output-changes-idUSKBN1KT1GF/

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