Archive · 2 Aug 2026
OPEC+ Raises September Oil Output by 188,000 bpd
OPEC+ is a group of oil‑producing countries that decided to let more oil be made in September.
They added 188,000 barrels per day to the amount they can produce.
This change finishes a big cut they had made in 2023.
The group is thinking about whether to keep the same level of production for the rest of the year.
They also talked about how attacks on oil facilities can hurt the world’s oil supply.
OPEC+ approved a 188,000 bpd increase in September quotas.
The move completes the rollback of 1.65 million bpd voluntary cuts from 2023.
Seven core producers (Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, Oman) made the decision after UAE left OPEC.
OPEC plans a possible fourth‑quarter pause and will review production capacities for 2027 negotiations.
OPEC’s Joint Ministerial Monitoring Committee warned of damage to energy infrastructure amid U.S.-Israeli conflict with Iran.
- Who
- OPEC+ core producers (Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, Oman)
- What
- Approved a 188,000 bpd increase in September oil production quotas
- When
- Sunday, 2 August 2026
- Where
- OPEC+ meeting (location not specified)
- Why
- To complete rollback of 2023 voluntary cuts and address supply disruptions
- OPEC+ decision
- Increase of 188,000 bpd for September
- Voluntary cuts reversed
- 1.65 million bpd cut from 2023
- Core producers
- Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, Oman
- Next policy direction
- Possible fourth‑quarter pause, review for 2027
- JMMC warning
- Damage to energy infrastructure amid U.S.-Israeli conflict