OPEC+ to Boost Oil Output in September
The OPEC+ coalition countries, which include Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, announced an increase in oil production of 188,000 barrels per day starting from September 2026. This is part of their efforts to support the stability of the oil market and to follow up on the voluntary adjustments announced in April and November 2023. The countries stated that this increase aims to compensate for excess production since the beginning of 2024 and to reinforce market balance. They will continue holding monthly meetings to review adherence to these adjustments.
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