Which seven OPEC+ countries decided to increase oil production by 188,000 barrels per day in August, and what was their stated objective?

The seven OPEC+ countries are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. They decided to increase daily crude oil production by 188,000 barrels in August and reaffirmed their commitment to maintaining market stability, stating they would 'prudently maintain market stability and flexibly adjust output according to market conditions.'

How does this August 2026 decision fit into the broader OPEC+ production policy timeline described in the article?

This August increase continues a pattern of monthly production hikes that began in April 2025 among eight countries (including the UAE), paused from January to March 2026 due to seasonal factors, and resumed in April 2026; it marks the fifth consecutive month of announced increases, and follows the UAE’s formal exit from both OPEC and OPEC+ on May 1, 2026.

OPEC+ Major Oil Producers Decide to Continue Increasing Production in August

Jul 6, 2026

Seven OPEC+ member states agreed to increase daily crude oil production by 188,000 barrels in August, marking five consecutive months of output hikes. The group aims to balance market expectations while maintaining stability amidst complex global energy dynamics.

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