OPEC+ approves September output hike, completes 2023 cuts rollback
OPEC+ has approved a production increase of 188,000 barrels per day for September, finalizing the reversal of supply cuts initiated in 2023. Analysts expect the group to pause further increases in the fourth quarter as they monitor market stability amid ongoing geopolitical tensions.
OPEC+ has approved a fresh increase in oil production quotas for September of roughly 188,000 b/d, completing the phased reversal of voluntary supply cuts first introduced in 2023. The decision, confirmed in an official OPEC statement following a virtual meeting on Aug. 2, 2026 , marks the sixth consecutive monthly increase by the group this year.
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