# Novak: OPEC + ministerial committee may discuss increase in oil production in September | Report.az

> Russian Energy Minister Alexander Novak said the OPEC+ ministerial committee may discuss another production increase in September. He said the decision would depend on market balances, including supply from Libya.

- Date: 2018-07-27 · published 2018-07-27T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63953-novak-opec-ministerial-committee-may-discuss-increase-in-oil-production-in
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Possible further output increases signal looser crude supply later in the year, which would weigh on energy costs and biofuel margins.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-07-18 | [OPEC+ Agrees to 100,000 bpd Oil Production Increase for September](https://feedsoft.ai/events/40406-opec-agrees-to-100-000-bpd-oil-production-increase-for-september.md) | -1.5% | -5.3% |
| BRENT | 2025-10-03 | [OPEC+ agrees to modest oil production increase for November](https://feedsoft.ai/events/22305-opec-agrees-to-modest-oil-production-increase-for-november.md) | +2.2% | +0.4% |
| BRENT | 2025-06-01 | [OPEC+ to Increase Oil Production—Again](https://feedsoft.ai/events/24856-opec-to-increase-oil-production-again.md) | +4.9% | +7.0% |
| BRENT | 2026-07-05 | [OPEC+ countries agree to increase oil production in August \| AP News](https://feedsoft.ai/events/18250-opec-countries-agree-to-increase-oil-production-in-august-ap-news.md) | +7.0% | +33.1% |
| 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% |
| WTI | 2022-07-18 | [OPEC+ Agrees to 100,000 bpd Oil Production Increase for September](https://feedsoft.ai/events/40406-opec-agrees-to-100-000-bpd-oil-production-increase-for-september.md) | -2.2% | -5.0% |
| WTI | 2025-10-03 | [OPEC+ agrees to modest oil production increase for November](https://feedsoft.ai/events/22305-opec-agrees-to-modest-oil-production-increase-for-november.md) | +1.7% | +0.1% |
| WTI | 2025-06-01 | [OPEC+ to Increase Oil Production—Again](https://feedsoft.ai/events/24856-opec-to-increase-oil-production-again.md) | +6.2% | +7.6% |

## Sources

- report.az: https://report.az/en/energy/novak-opec-ministerial-committee-may-discuss-increase-in-oil-production-in-september

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