OPEC+ Increases Oil Production Quotas by 188,000 bpd for August/September

Saudi Vision 2030, Enerdata, Rigzone · Aug 01, 2026 00:00

Seven OPEC+ nations, including Saudi Arabia and Russia, agreed to collectively increase their oil output by 188,000 barrels per day for August and September 2026. This marks the fifth consecutive monthly rise in production quotas, contributing to an increase in global oil supply.