The group is set to raise September production targets by 188,000 barrels per day, matching prior increases, though members struggle to meet quotas.
OPEC+ is poised to approve an 188,000 barrel-per-day increase in its September production target, continuing a gradual unwinding of voluntary supply cuts. The move mirrors the group’s June, July, and August output hikes, as eight key members seek to normalize production levels disrupted by geopolitical tensions and capacity constraints.
Despite the planned increase, most OPEC+ members have consistently fallen short of their quotas, with actual output lagging behind targets. The gap between paper cuts and real supply has persisted for months, raising questions about the group’s ability to deliver on its stated increases.
The decision comes as global oil markets weigh supply adjustments against demand uncertainty, with no immediate market reaction reported.