OPEC Plus to raise oil output in September
OPEC+ plans to increase oil production quotas by approximately 188,000 barrels per day starting from September 2026, after which these increases will be suspended for the rest of the year. This move comes after an agreement on a gradual increase that has been in place since 2022, despite existing geopolitical restrictions and disruptions caused by the war in the Middle East and conflicts in Ukraine. It is expected that this increase will end the production cut plan approved by the coalition in 2022. The member countries are currently reviewing their production capacities to determine their future quotas, amid challenges such as declining productive capacity in some countries and the impact of crises on exports from the Gulf and Russia. Future negotiations are likely to face difficulties, especially following the UAE's withdrawal from the coalition, which highlights potential weaknesses in the group's cohesion.
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