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2026-08-02T14:51:00.000Z

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OPEC+ plans small Sept output rise

OPEC+ plans small Sept output rise

The OPEC+ alliance agreed on a slight increase in oil production quotas by 188,000 barrels per day for September, without specifying the production policy for the last three months of 2026. Oil experienced its largest monthly gains since March, with Brent prices jumping 24% over 16 hours, and the Kuwaiti crude oil price reaching $86.69 per barrel two days ago.

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