What was the month-on-month increase in OPEC crude oil production in July, and what was the resulting total output?

According to the Reuters survey cited in the article, OPEC crude oil production rose by 117万桶/日 (1.17 million barrels per day) month-on-month in July, reaching a total of 1985万桶/日 (19.85 million barrels per day). This marked a continuation of recovery from the May low—the lowest monthly output since at least 2000—but the figure excludes the UAE, which exited OPEC on May 1.

Which OPEC members drove the July production increase, and what constraints continue to limit overall supply recovery?

Iraq recorded the largest production increase in July, followed by Kuwait, while Saudi Arabia saw a slight decline; together, Iraq, Kuwait, and Saudi Arabia accounted for nearly all of the 116万桶/日 (1.16 million bpd) gain reported by Bloomberg, pushing OPEC output to 1944万桶/日 (19.44 million bpd). However, the article stresses that overall output remains far below pre-conflict levels due to persistent disruptions—including impaired passage through the Strait of Hormuz and ongoing threats to Red Sea shipping routes—making the path to full supply recovery 'rocky'.

OPEC Crude Oil Production Rises in July

Aug 14, 2026

OPEC crude oil production increased by 1.17 million barrels per day in July to 19.85 million, driven by Iraq and Kuwait, though supply remains below pre-conflict levels amid ongoing geopolitical shipping risks.

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