What is the planned OPEC+ production quota increase for September, and what will happen afterward?

OPEC+ plans to approve a production quota increase of around 188,000 barrels per day starting in September, after which it will pause further output increases for the rest of the year. This September increase will complete the phased rollback of a 1.65 million bpd supply cut originally agreed in 2023.

Why have previous OPEC+ monthly quota increases remained largely 'on paper' this year?

The previous monthly quota increases by the seven core OPEC+ members — Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman — have remained largely on paper because the Iran and Ukraine wars disrupted oil exports from the Gulf, Russia, and Kazakhstan.

OPEC+ set for September quota increase followed by pause, sources say

Aug 2, 2026

OPEC+ plans to increase production by 188,000 barrels per day in September before pausing further hikes. This completes a rollback of 2023 supply cuts while members review 2027 capacity baselines.

reuters

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