Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman approved an additional September production adjustment after reviewing global oil-market conditions.
OPEC+ agreed on August 2 to raise its combined production target by about 188,000 barrels per day from September, completing the rollback of a larger voluntary cut announced in 2023.
The OPEC+ producer alliance approved a modest September quota increase while warning that attacks on energy infrastructure remain costly and disruptive.
OPEC+ agreed July 5 to implement a 188,000 bpd production adjustment in August. What it signals for oil expectations—and the U.S. fuel-price pipeline.
World Economy Trade Energy and Technology Scan – OPEC+ approved an extra 188,000 bpd starting August 2026, but price relief depends on Strait of Hormuz tanker flows.
OPEC+ will raise oil output targets by 188,000 bpd in August 2026, but Strait of Hormuz shipping disruptions could still jolt fuel prices.
