OPEC+ Raises September Output Quotas
In an online meeting at the beginning of August 2026, OPEC Plus decided to increase oil production quotas by 188,000 barrels per day for September, amid escalating tensions in the Middle East. The organization confirmed that it will continue implementing this increase until the end of 2026, despite expectations from analysts to suspend the increases after September. This move comes at a time when international energy forecasts suggest that oil supply will fall short of demand by 860,000 barrels per day in 2026, as some countries work to expand oil pipeline capacities and reduce regional tensions.
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