strikeAug 2, 2026

OPEC+ agrees to September oil hike, completing rollback of voluntary cuts

Summary

OPEC+ approved an oil production quota increase on Sunday of around 188,000 barrels per day from September, the producer group said, in a move that completes the unwinding of a layer of voluntary output cuts.

Source: Reuters — Read the full report

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Sources

ReutersBy Reuters
OPEC+ approved an oil production quota increase on Sunday of around 188,000 barrels per day from September, the producer group said, in a move that completes the unwinding of a layer of voluntary output cuts. Due to export disruptions from the Gulf, Russia and Kazakhstan caused b…

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